De Graaf

Gaza War: Expect a Spike in Oil, Gold

A lot of people a truly blindfolded, as I read these comments.
Just by saying that a dollar will rise in times of war, could be true, in case of severe ground war in oil-rich nations.
Not when a few thousand troops and a handfull of tanks march into a dense populated Gaza strip! The fact that oil will rise for this matter is just fear mongering, and minor in effect after the speculation dimms out in a few weeks.

As for commenter NOWHEREMAN, who says gold didn't rise against all currencies, I would say; wake up and get your sources right!
Look at the link below, where James Turk shows a nice table of gold relative strenght against all major currencies.
Its is concluded that gold rose double digits against these projected currencies, even on basket average!

goldmoney.com/en/comme...

For every sole soul outthere; Gold will rise and the Gaza war will help temporarily, but not with oil prices of 70 / 80 dollar a barrel. Just 50 at max for a few weeks. Then its falls back again. Gold thrives on the deflationary force in the economy combined with the (hyper)inflationary policy of the FED. Oil has minor influence at this point in time.

brgds