Oil Prices Will Support Gold

U.S. Global Investors Weekly
"The value of managed commodity assets rose from $175 billion to $225 billion over the last quarter and supports the theory of a supercycle. Scotiabank’s Vice President shared her opinion that oil prices will remain high for the next few years, helping gold prices to remain
high as well.

Mining has officially become the top source of mergers and
acquisitions, thereby passing financial services. Mining M&As had a value of $199 billion from January to May 2008 mainly due to shortages in supplies, more than tripling from just one year ago. Main players in the takeovers are China, Russia, and India." (6/13/08)

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