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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: koan who wrote (79154)5/17/2008 2:11:25 PM
From: Crimson Ghost  Respond to of 116555
 
Gold is extremely cheap compared to oil. Oil now is triple its 1980-81 peak price while gold is barely above its 1980 high.

Soaring energy costs have crimped gold mining profits in a major way. So an improvement in the gold/oil price ratio could do wonders for these stocks.