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Given the correlation between gold and oil ( http://goldnews.bullionvault.com/files/OilGold2.png http://goldnews.bullionvault.com/files/OilGold2.png ), two comm
by bokonist 17y ago
Given the correlation between gold and oil ( http://goldnews.bullionvault.com/files/OilGold2.png http://goldnews.bullionvault.com/files/OilGold2.png ), two commodities that have nothing in common, I think that the rise and crash of crude prices has a lot more to do with fluctuations in the dollar, rather than the underlying economics of oil.
- joe_the_user 17y agoThe increase price of oil is indeed very driven also by massively inflationary US policy.