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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

Oil1

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.

Gold1

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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