News Feeds
Coin Collecting NewsWhat’s really been driving oil and gold so high?
Is it speculation that drove the oil price above $90 last week, or is there something more fundamental happening..?
Well, as I have argued many times here before, I believe that the oil price will rise over the medium term due to fundamental factors. However, the major driver that has pushed WTI futures over $90 and gold to a 28-year high is much more simple that supply and demand. It is a basic human emotion. That emotion is fear…
Investors are scared. They have been moving away from assets that are now seen as risky after profligate and stupid lending in the US prompted a credit crunch. Investors, both private and institutional have therefore been seeking safety. Read Full Story
Related Articles
- Investors Rush to Gold
- Gold Gets More Precious, Cracking $800 Barrier
- Blanchard says gold showing exceptional strength, look for new record highs by end of 2008
- Gold’s new record high above $850 - based on fundamentals, price should keep rising
- Gold is on the move - Take advantage with Gold American Eagles
- Platinum hits new high above 2,100 usd/oz on SAfrica supply woes
- Gold Reaches Record as Dollar Weakens
- Is The Deep Financial Crisis Overwhelming Gold Price Manipulation?
- How to make the biggest profits from gold and silver
- Gold surges to 28-year high, as dollar tumbles
- The gold standard - A precious metal that’s not just an investment but a worldview too
- Gold touches 27-year high of $746.30 an ounce; silver surges nearly 3%
- Gold’s 28 Percent Runup No Fluke
- Gold Soars Most Since 1999, Silver Surges on Demand for Haven
- Gold, Silver Decline as Dollar’s Slump Against Euro Stalls
- Gold edges up; platinum hits record high
- Gold hits new record at $1,007
- Gold rush makes a mint
- 24 Reasons Gold Coins Offer Tremendous Value
- Follow the Money
