Quote from: davis196 on July 19, 2018, 05:49:36 AM

Quote from: First77 on July 18, 2018, 02:03:34 PM

Bitcoin $7,000. Dow Jones 26,000. That way new all time high price for Gold will be $2400/ounce.

Iran crude oil getting banned worldwide and Iran threatening to block major supply route through Gulf seas. Crude oil going back to $150/barrel.

Some $1 trillion trade/tariffs war started by Donald Trump with many countries.

Your thread contains mostly rumors and predictions.Crude oil won`t reach $150/barrel soon.

The thread is made by the biggest gold lover on this forum. Grin

If oil goes back to 150$ per barrel and stays there nobody is going to care about gold as we're all going to get ****.

But that is not going to happen, there is so much shale oil that can be mined at those prices, many will switch from oil to whatever source of energy they have at their disposal and the demand will go down driving also the price down.

Cars are getting more efficient, public transport also, in my town we have a tram line that travels like a dream, two of the roads to the city center are 50% down in congestion time, and so on.
Oil is not going to get back 150$....unless something totally unexpected happens, like a SAvs Iran war.