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.
The meme during the 70s was that gold and oil moved together. Consumers of today have no such...
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