tuckfinitee

Is Gold Bubble Popping?

I agree with Mr Ingram. The question should be are currencies getting stronger? For some reason no one wants to argue that proposition.

The price of oil is a measurement that's informative. However it's only indirectly related to individuals protecting themselves from political risks.

Speculators Continue to Drive Oil Higher at Risk of Global Recession

Lets see, you have the world's largest economy running an energy deficit for decades, little countries like China, India, Mexico, Venezuela to name a few subsidising gas, but it's speculators? If so they deserve medals all around. How would you like high prices as a result of massive shortages, rationing, industrial shutdowns, and eventually declines through out the world economy. That's the direction we've been headed when you compare energy production with growth. High prices are finally getting us back to work and contact with reality. The US could and should be energy self sufficient this minute. There's no excuse for it.