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Politics : Gold and Silver Stocks and Related Commentary
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To: Cogito Ergo Sum who wrote (10283)4/6/2005 2:09:14 AM
From: koan  Read Replies (2) of 18308
 
I have no idea what you are talking about spotted cat-lol.

But oil and gold used to be identical charts. Because high oil prices portend inflation, so that could happen again.

Now here is the equation: 2005 will be the top year for oil production. 80, million barrels a day. 2006 we start down the path to less supply. On the other hand demand increases exponentially because of China and India building industry and cars.

So every month oil goes up and up until it hits some equilibrium supply.demand equation involving oil shale, I will bet, using heavy oil and oil sands first.

Then coal!

So if there is a 90% correlation with gold and oil historically then we have a good gamble that will happen again.
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