Really, we've had some focus (on oil) since mid-February, when both markets made a significant low, and both markets had a near retest of those lows on Wednesday. Oil is emerging as the focus for the gold market as a surrogate for general commodity inflation. Without that kind of commodity inflation, then gold becomes a less attractive investment.
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A 40-cent rise in gasoline prices does not stimulate demand, and frankly this is where I think many macroeconomic forecasts for 2006 are going to miss the mark.Tim Evans
We wanted to connect with people as strongly as some of our great advertising campaigns of the past did -- such as with Beattie with Maureen Lipman or Bob Hoskins in 'It's good to talk' -- but in a way that's relevant to today's modern relationships.
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It is pretty clear they were attempting to move this oil into a crude oil market where there was already a surplus.
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The situation is not going to get better in the short term. Perhaps it will get worse.
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The market does have its ongoing concerns about Iran, the new bombing campaign in Iraq and other potential threats to supply (Nigeria, Venezuela) in mind as background issues.
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There's a lot of people who want to do the right thing. My kids are out in the orchard, too. I don't want to poison them.
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