The David Lin Report · Monday, August 31, 2026
Gianni Kovacevic suggests that despite current geopolitical tensions involving major oil producers like Russia, Saudi Arabia, and the United States, oil prices have not reached the levels they might have in a previous era. He posits that oil should be trading at around $200 a barrel, especially considering gold's price.
“So if you look at the de-dollarization trade or the inflation trade where all of the commodities have have moved up. And even in the background of that kind of war, oil simply cannot go to some number where where should it be? If you look at where oil and copper, uh, and copper in and gold and 2008, 20011. Oil should maybe be $200 a barrel, if especially with gold now at you know over $4,000 an ounce.”