have you tried discounting oil by the drop in the US$ this year. It might be illustrative to people like you who put an inordinate amount of value on the so-called "fundamental argument" (Koala)

Here we go again. First 2 years ago you argue tooth and nail over Gold not being a hedge against inflation, and now that we're seeing inflation all over Gold is flying... But in the meantime you argued with me to death over this subject. A way for you Koala to say "I'll never let you win this argument regardless". Well, you lost the gold argument; the market taught you a lesson...

Now you look at a chart and you believe Oil because it is priced in dollars that the decline of the dollar is the main cause for oil to rise... Certainly the drop in the dollar value has a cause for oil price to rise but it is NOT the main reason. Economic fundamentals worldwide have caused oil to rise. Let me put it this way to you. Regardless of how you price oil, it'd have gone up anyway...

But I'm sure you won't agree, just like two years with the gold argument... When will you grow up Koala?