SubscribeAll Posts Tagged With: "gold and oil"
Gold and Oil Prices
Correcting Gold and Oil
What’s going on with gold and oil?
Here’s what we know. Prices for both gold and oil were moving upward for most of the spring and well into summer. Then prices hit a peak. Gold touched $980 per ounce. Oil topped $146 per barrel. Now prices are falling.
Back when oil was in the $140s, I said — in both print and broadcast interviews — that oil prices were running up too far, too fast. I predicted that oil prices would decline to $100-110, based on the fundamentals. Well, we’ve seen the decline and we’re almost there.
High oil prices…
21Aug2008 | Whiskey and Gunpowder | Comments Off | ContinuedThe Gold and Oil Correction
What’s going on with gold and oil?
Here’s what we know. Prices for both gold and oil were moving upward for most of the spring and well into summer. Then prices hit a peak. Gold touched $980 per ounce. Oil topped $146 per barrel. Now prices are falling.
Back when oil was in the $140s, I said — in both print and broadcast interviews — that oil prices were running up too far, too fast. I predicted that oil prices would decline to $100-110, based on the fundamentals. Well, we’ve seen the decline and we’re almost there.
High oil prices have caused big…
15Aug2008 | Energy and Oil | Comments Off | Continued
Loading ...
