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Gold News from Kitco! Will gold continue to go up??
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<p>[QUOTE="GoldFinger1969, post: 3711496, member: 73489"]Trust me, I worked as an energy analyst, and the price of gold meant as much to oil prices as the status of the Designated Hitter in baseball. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>At times gold tracks oil 1-for-1....other times, and over long periods, they have NOTHING to do with one another.</p><p><br /></p><p>Look at the stock market and bond yields. For DECADES, inversely correlated: falling bond yields = rising stock prices. Ever since the 2008 Crisis, a direct correlation. For good reasons.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 3711496, member: 73489"]Trust me, I worked as an energy analyst, and the price of gold meant as much to oil prices as the status of the Designated Hitter in baseball. :D At times gold tracks oil 1-for-1....other times, and over long periods, they have NOTHING to do with one another. Look at the stock market and bond yields. For DECADES, inversely correlated: falling bond yields = rising stock prices. Ever since the 2008 Crisis, a direct correlation. For good reasons.:D[/QUOTE]
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