Oil and Gold: Are They Decoupling?

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Our view is: cautiously affirmative. (This means that while we think they are, we don't want to be wrong; therefore the caveat. Unlike other self-proclaimed gurus, we will admit, right up front, that we are hedging our forecast in order to save face in the untoward event that developments should prove us wrong. Ain't we cute?)

In truth, it is our assessment that the MINDLESS EQUATION drawn by the generality of gurudom, and mindlessly seconded by the financial establishment and the financial and general media, is both SHALLOW AND WRONG.

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Oil and Gold: Are They Decoupling?

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