Hi James, I believe the current trends will continue with slight pullbacks (profit taking) along the way. Greenspan's benevolence towards the price of oil will only exacerbate the situation.
The only way alternative fuels become closer to a realization will be behind a different president. If Kerry gets elected, oil could drop like a stone and alternative energy stocks could rocket. Until then I expect more of the same.
As for gold, it appears it will continue to ride the coat tails of oil as a safety hedge for the time being with any weakness in the $USD being an added bonus.
Whether these trends make sense or not, it seems that for the time being they will continue. But that dynamic could change with a shake up in the white house... ITMO
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