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Strategies & Market Trends : The Swamp
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To: Fiscally Conservative who wrote (187)7/22/2008 9:52:22 PM
From: SwampDogg   of 491
 
The connection between oil and gold is not eternal. From 2001-2003 oil was in a bear market and gold was in a bull market. These relationships change. It is looking like gold and oil are both set to rally in the coming weeks but gold as a monetary instrument does not need oil. The important thing is to get one big thing right. Gold has gone up in almost every environment in the past 7 years including weak oil, strong $SPX and strong buck.
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