Oil is now the key commodity (gold is just a relic of the past). Rising oil prices trigger "inflation" (higher prices for gasoline, food, clothing, real estate, stocks, and everything else). Oil stocks are even better than real estate as a hedge against inflation, because they are constantly increasing their reserves through their "upstream" (drilling) operations and increasing their earnings through their "downstream" (refining & retailing) operations.
If you study this site, you will see where we are in the market and economic cycles...
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