SP500 0.58% 2,958.8 standard & poor's 500

One would of expected gold to crap its pants after the oil price...

  1. 4,601 Posts.
    One would of expected gold to crap its pants after the oil price shoots up and 2% gain on the dow.

    Gold stayed up, supported by in the know buying, the macro dire world economic situation has not changed, there still is a glut of oil and an irrational prise rise will do nothing but set in motion another fall in oil, there is little demand and a huge amount of competetive production.

    Gold is still way up, it is holding its place as the grim reaper waiting for the next market crash.
 
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