Browse Symbol Stacks: OIL: central-bank-gold-sales-purchases.jpg
Is this chart has anything to do with the price of oil?
"or the oil producing countries restrict their production (or a geopolitical event orchestrated by the West diminishes production).We favor the last scenario..."
So maybe that kind of event would not happen in order to "punish" for example Russia but rather to stop deflation caused by the continuous bying of gold by Emerging CBs(Asian)
also as long as asian CBs are buying gold and western CBs are printing money oil price both in gold ounces and USD is not going to fall because in that case REAL deflation is going to happen