Gold and oil are major subjects that are worthy to discuss about like AverageJoe.
Hi AverageJoe
Why should oil break down to a historic level (less than 30).
The higher price of Gold is influenced by the weekness of USD thus oil should be back up sooner, regardless the build up in inventories as they have been like that before oil rooted in june 2014.
On the demand side you should have known that CN is now world no1 oil consumer. Other countries are accumulating for their reserves but the exchange rate is a pain because oil is priced on USD.
If oil is up they must buy and if oil is down they must buy too. Either ways they have to hit a BUY button.
One thing about the exchange rate that it's not too much variations compared to this current rock bottomed oil price.
