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fishweed

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fishweed

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Re: charlie post# 559823

Sunday, 08/12/2007 9:22:22 PM

Sunday, August 12, 2007 9:22:22 PM

Post# of 704019
I hope you realize that wasn't exactly a compliment to GW. Gold and Oil follow the dollar inversely......hence the possibility of $1000+ Gold and $100+ Oil. An administrations policies affecting the dollar, which is a reserve currency, will affect the price of both Gold and Oil, which is priced in that reserve currency. When Gold was $270, Oil was around $20. We were paying less than a $1 a gallon at the pump to run our SUV's, and where is the reserve currency today, almost at par with the Canadian Dollar!
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