Letter Re: The Developing Oil and Gold Price Divergence
Jim, This is just my opinion, based on years of observation (rather than facts and figures) but I think I know where most of this is coming from. Politics. The oil companies are thriving under Bush/GOP rule and so they’re playing their part like they so often do, rolling back the source of so much anger and irritation (gas prices) and giving the false sense that things are “getting better”. I fully expect them to rise again, quickly, right after the election. Bush and company will restart their massive theatrical performance of real and implied violence against oil producing nations …