Pravin K

Why Oil and Gold Are Headed Much Higher

This whole article seems counter-intuitive. There is a global recession coming. The largest consumer of Hydrocarbons in the World i.e USA, is going to have a significant long drawn recession and readjustment period - stimulii aside. China ain't growing as much as it did before the Olympics. India has already slowed down due to its trigger-finger (former) Gov. of its Central bank. And Eurozone and Japan seemed to have entered a perinial slowdown with a quarter or two of recession here and a growth uptick there. Yes Gold is a currency but eventually there aint much of it and those who have it dont know where to shove that piece of metal. As for Opec - cut they might - that will only add to demand destruction globally considering USD will remain strong and since Crude is price in Oil world wide, most economies which anchor their currency to a large dollar pool will suffer the most. Like emerging economies.

I dont get it when people just take flights of fantasy.