Roubini is always an excellent counter-indicator. I was concerned about my physical precious metals investment until I read this.
Roubini is always an excellent counter-indicator. I was concerned about my physical precious metals investment until I read this.
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Might have agreed with you but Roubini didn’t mention oil.
imho rising US oil production is reshaping everything —including the price of gold— in the world —inversely— to the first OPEC oil embargo of 1973.
The Texas guys on this board especially need to know that what’s happening in Texas right now in the oil patch is bigger than than biggest oil strikes of the 1930’s or the 1900’s.
The dollar has been tracking sideways since 2009. Check it out.
http://bit.ly/11wvJFX
For gold to move up —the dollar has to move down. How likely is that? not likely imho because of rising oil production.