Oil and Gold, page-4

I'm glad someone has raised the subject of oil. I note that opec hasn't decided not to reduce output as per their statement of an hour ago.

In my view, a low oil price is the "canary" of the global economy. There is clearly excess supply at the moment, and I feel the state of the global economy is not as rosey as some would have us believe.

re correlation to gold, that is an outdated notion, but previously a good indication of where the Arab rich nations were putting their money in the sixties and seventies.....gold.