The meme during the 70s was that gold and oil moved together. Consumers of today have no such...
The meme during the 70s was that gold and oil moved together. Consumers of today have no such luck as the bear market in gold is met by a crude market refusing to budge. WTI's (USO +1.6%) gain today has the lead month just under $100/barrel and the highest price in nearly a year. Egypt's maybe-crumbling government is as good of an excuse as any for the recent rise. The energy sector (XLE +0.1%) ekes out a gain as the broader market falls.
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at CNBC.com (Jan 13, 2015)
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