Thread: Furloughs
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Old 11-16-2012 | 08:53 PM
  #16  
Elusive Napkin
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Originally Posted by surfnski
No kidding. They've been predicting $200 oil barrels since 350 B.C.
I think the price of oil is the wrong thing to watch. Look at the price of gold. The higher it goes, the weaker the dollar. The weaker the dollar, the higher the price of oil.

I'm nervous because the dollar is falling against the Euro. No bueno in my opinion. Currencies are becoming weaker. This drives the price of intrinsic properties higher.... Like gold, oil, commodities, etc.
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