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October 16, 2007
'Oil and gold prices seem to be correlated in the past two years' — John Authers, Financial Times Investment Editor
I just read it in his "The Short View" column in today's FT.
Huh.
In today's Wall Street Journal Peter A. McKay writes, "Oil prices shot to a new exchange-record high.... Crude futures jumped... to $86.13 a barrel...."
Back in today's FT, Javier Blas writes about gold's recent price surge "... to a fresh 28-year high of $759.90 a troy ounce."
Even a blind, anosmic pig finds an acorn every now and then.
Or as Bob Dylan put it so nicely, back in the day, "You don't need a weather man to know which way the wind blows."
October 16, 2007 at 12:01 PM | Permalink
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