Pray it does, so you can short it. Sounds like a familiar theme, doesn't it? I was thinking oil was heading for $65 just before it took off, but maybe its going to test $145 and then collapse again, rinse and repeat the wall street crooks are in control of monetary policy so anything could happen at the drop of a hat.
good point ryu, I am not 100% sure what gold will do in reaction to oil hitting 150. I do know that inflation will eventually rear its ugly head; and I also know that this is setting up for a December-January 1980/81 repeat when oil hit inflation adjusted heights of 140$ a barrel and Gold hit its inflation adjusted high of $2300 an ounce.
Not to give you a whole lecture as I know this is redundant to you, but the situation between now and then is different in scope and size. We did not have $17 Trillion in debt, which is why I am expecting Gold to climb much higher, somewhere between 500% and 800% as it did in 1980 going from the 1976 lows of 100$ an ounce to the 1980 high of 800$ an ounce, roughly a 800% increase.
I expect gold to go through 2000$ an ounce and then have a slight correction maybe down to $1600 an ounce before it goes to $5000 an ounce.
Silver in my opinion will act much more volatile, but I do expect it to do well in the short run, the next 1 year period, if you remember silver lagged gold in the 1976 to 78 period, but soared much more during the 1980/81 blowoff top.