As oil futures tend to swing from backwardation to contango, what will be the impact on gold?

Could an Obama election help this situation?

Answers

TBone answered a question in Commodities.
318 points

TBone answered one year ago …

I was actually just reading an article on this at Stock Masters:

http://thestockmasters.com/gold-stocks-061308.html

Basic thesis: after oil broke through 90 a barrel it stopped having a direct relationship with gold.

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warren answered a question in Commodities.
546 points

warren answered one year ago …

While I would and will love to see the historic norm or 15:1 ratio between oil and gold reassert itself, Gold works with the dollar more so, not tick for tick but in longer term views.

Warren,

www.preciousmetalstockreview.com

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