Loading ...Its possible the managers of the economy want to bash heating oil down as much as possible before winter sets in in the North east. Naturally Gold goes down with Oil inverse the dopey/dollar.
They don’t NEED oil to rocket higher from an already high base. So it makes sense to get the base price lower. Let it go up from a lower base. many factories and homes are still burning diesel #2 for heat.
So far a lower low on heating oil this year than last years low. Check out where 2013 heating Oil lows are last year. Gold not making a lower low than last year. So far. Gold and heating oil went up together in Jan and Feb the coldest months.