The oil scene: Black gold and Yellow gold.

It's all about oil. When the price of oil goes up the stock market goes down, the dollar declines, and the price of gold goes up. Just for fun I'm going to invest an imaginary $10,000 in gold starting today. I'll have another $10,000 in reserve so I can buy if the price drops. I'll give a day by day report on how the investment is going.

I buy gold at $555 an ounce.


Relevant information:

China and Iran

http://www.washingtonpost.com/wp-dyn/content/article/2006/02/17/AR2006021701117_pf.html


Chavez is ready to cut off supplies.

http://www.dailytimes.com.pk/default.asp?page=2006%5C02%5C19%5Cstory_19-2-2006_pg5_25


Nigeria is very dicey.
http://news.bbc.co.uk/1/hi/world/africa/4723076.stm


More about Nigeria.
http://news.bbc.co.uk/1/hi/world/africa/4732210.stm

China and the dollar- deficit.
http://www.finfacts.com/irelandbusinessnews/publish/article_10004921.shtml

Russia, Iran, and the nuclear question.
http://timesofindia.indiatimes.com/articleshow/1420445.cms

Warning about the deficit and its effeect on the dollar.
http://www.miami.com/mld/miamiherald/business/special_packages/business_monday/13910441.htm