And if gold reaches its historical highs of around 6x the all in COP then it will be $7000. And...... so what?
Oil is experiencing major structural changes due to both supply and political factors. "This time it's different", really is.
C'mon Skol, if you'd been asked what price gold would be with oil near $45 in Jan 2015 you would have said sub $800.
All the predictions are noise. What is of more concern is what the market is actually doing. Today the Aussies have been smashed while the US goldies recovered in late afternoon trade, therefore giving an odds on chance that this pull back is just a breather and our market today is a bargain fest.
