Tradefair & Financials
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06 Jan 15
17:23
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Date Joined:
31 Aug 07
Low oil for maybe a long time = lower production cost, gold shares priced in dollars which will hyper inflate once the dollar loses its reserve currency status, gold stocks up today across the board while everything else is in decline, easy money.
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So how long is a long time ?, if i need pish and hold it for 3 hours thats a long time, but its only 3hr
i think your correct though, also think money will be moved from oil stocks to mining sector this year
i think your correct though, also think money will be moved from oil stocks to mining sector this year
Well can't guarantee anything, but in the past whenever oil has gone down gold went down too, that hasn't happened this time, and dollar strengthening and gold still not breaking support, I still think gold could go under 1000 though but its been holding up for a long while now.
Also oil stocks are not really pricing in prolonged low oil prices which is similar to gold stocks when the price of gold went down, nowadays many gold stocks are 70-80% off their highs and thats with gold dropping from 1800 to 1200, the drop in oil has been worse.
Also oil stocks are not really pricing in prolonged low oil prices which is similar to gold stocks when the price of gold went down, nowadays many gold stocks are 70-80% off their highs and thats with gold dropping from 1800 to 1200, the drop in oil has been worse.
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