Gold and Oil – Where is the Love?

Not too long ago, the oil bulls were talking about $100 oil. With Oil at $60 today, the bulls have given up. The oil and gold shorts are downright giddy.

The neck, nose and ear hairs are standing at attention at this point and I will be spending the rest of my alloted computer time tonight looking at some option trades for my fund.

Same goes for Gold. Have not heard much talk of $1000/oz gold. I will be looking here tonight as well and will be acting on this tomorrow.

Time to go back to my real job for a few days I think.

I assume that Bob Pisani has been on lately talking about the mess that is oil and gold. If not lately, tomorrow for sure :) .

To confirm, I was just checking in with DeGraaf from Lehman and he posted charts on the same issue this morning. Not a recommendation, but a piece of the puzzle I like to see. Here you go: