Comment 77673

By A Smith (anonymous) | Posted May 31, 2012 at 13:56:01

Since February, gold is down 10%, from $1725-1560US/ounce. In that same time period, oil is down 10%, from $97 -$87.8US/barrel.

High oil prices ARE about supply and demand, not for oil, but for US dollars. Raise interest rates, let bad banks fail, get back to production rather than credit/mortgage bubbles and oil will fall below $30/barrel.

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