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<p>[QUOTE=&quot;jolumoga, post: 1840245, member: 41780&quot;]Your numbers have a simple explanation to my novice mind.&nbsp; Precious metals prices are more strongly correlated with oil prices than with other commodities, given that mining is very energy intensive.&nbsp; </p><p><br /></p><p>On the contrary, I think, ultimately, the price of gold and silver will be dictated by the price of oil.&nbsp; Of course, top analysts differ greatly in their predictions of oil prices a decade from now.&nbsp; It seems, to me at least, the peak oil theory has merit.&nbsp; (Though I hope transhumanists, who are much more optimistic on the future of humanity, will be vindicated in their forecasts on the success of renewable energy).[/QUOTE]</p><p><br /></p>

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