imo in the short to medium term, the price of energy and precious metals are primarily been determined by events in the middle east and then secondly in the us and europe.
the us and israel will stop syria from shifting and using weapons of mass destruction. the us and israel will stop irans nuclear enrichment program.
if oil goes up gold silver and ccu will go up.
nuwire investor:
'is there a strong correlation between the prices of gold and oil? many price movement studies suggest that the correlation between the two commodity prices over time is quite strong. typically, these studies rely on data covering extensive periods of time and show that when oil increases in price, gold will inevitably follow.'
http://www.nuwireinvestor.com/articles/gold-and-oil-what-is-the-correlation-51800.aspx
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