1. Crude is making a run for $100, the dollar is headed lower, and geopolitical tensions are building. It's very possible gold can get to $1,000 this year.''
2. Oil is back on its horse. Gold is going to bolt.''
3. Political instability in south Asia and high energy prices are also spurring investments in gold
4.Crude oil rose after Nigerian militants killed 12 people in the southern oil city of Port Harcourt yesterday. Nigeria is Africa's biggest petroleum producer.
5.Oil continues to pressure the record highs set in Nov on speculation that data will show that US inventories fell for a seventh consecutive week. Additionally, concerns about the escalating violence in Nigeria, Africa's largest producer, will disrupt output. Brent spot crude is within striking distance of the 96.45/55 highs. A break of this level would put oil back on track for a challenge of the $100 psychological barrier. Such a move would also help gold on its march higher.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment