GOLD 0.51% $1,391.7 gold futures

All the arguments to correlate gold with oil refer back to...

  1. 12,826 Posts.
    lightbulb Created with Sketch. 6
    All the arguments to correlate gold with oil refer back to gold's inflationary hedge which today, clearly doesn't apply. I'll chart the stats later, but I'd guess the correlation is fairly weak anyway.

    Whoever wrote that gold was in a bubble in 2011 (whilst looking in the rear view mirror) clearly doesn't know what a bubble looks like. They must have been chuffed that someone bought the book.

    "Panicked investors". Ha ha. There are no investors to panic left in gold. POG is not controlled by panickable investors, and all the panickable investors in gold mining stocks have already panicked and left the building (via the windows and roof).
    Last edited by HCGhost: 30/01/15
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.