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Go-Go Gold (and Oil)
BobbyDelray
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1
11-5-2007 1:37 PM
215 views
tags:
gold
,
oil
,
inflation
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e9f65f3b-55fb-4531-ab9d-785ad28ee0a2/554A0A71-555E-4AF5-A66B-98704B26D940/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.wsj.com/marketbeat/2007/11/02/go-go-gold-and-oil/" href="http://blogs.wsj.com/marketbeat/2007/11/02/go-go-gold-and-oil/" style="font-size: 11px;">blogs.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/marketbeat/2007/11/02/go-go-gold-and-oil/">A few years ago, $100-a-barrel crude oil and $1,000 gold would have seemed completely ridiculous. But the markets are on the cusp of grasping the former, and at this rate, the latter isn’t too far off. (<EM>Many will say, “c’mon, $1,000 gold is ridiculous,” but admit it - you hesitated before saying that this time</EM>.)</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/marketbeat/2007/11/02/go-go-gold-and-oil/"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/blogs.wsj.com/img/9E7BA203-F300-49BD-A9C0-F49101F210F1" alt="gold_c_20071102152046.jpg" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/marketbeat/2007/11/02/go-go-gold-and-oil/">“The dollar is falling and is making dollar-denominated assets cheaper so you get gold and crude going up and that’s probably going to keep going for a while,” </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/marketbeat/2007/11/02/go-go-gold-and-oil/"><STRONG>Buying in at $100 oil seems a bit foolhardy, but then again, people said that at $70 and $80 as well</STRONG> </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/marketbeat/2007/11/02/go-go-gold-and-oil/">So, yeah, this inflation thing is nothing to worry about. Which is why investors continue to plunk money <STRONG>down in hard assets </STRONG>and buy up dollar-denominated products like oil and gold, both of which surged again to finish another day with those<STRONG> “highest price since Columbus” headlines</STRONG>.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/554A0A71-555E-4AF5-A66B-98704B26D940/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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