GREY:DRGDF - Post by User
Comment by
PublicRelationson Dec 02, 2013 1:53pm
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Post# 21960609
RE:RE:DETOUR 3-times lower than book value
RE:RE:DETOUR 3-times lower than book valueA lot. As we saw Crude Oil peak in (let me try to remember) 2008 at some 146 USD/Barrel since then (causing worldwide rumor’s/also affecting gold) total global demand rise and some 400 million people more on this planet. As your country is on the way from the world nr. 1 import country of crude oil it is expected to turn into a supplier of oil by around 2020/24 maybe. The fracking boom changed old correlations. Despite we see more and more demand by more people at new records on stock markets day by day we see lower energy prices. That is affecting inflation rates around the world. As for example in Europe is the lowest inflation rate since a decade depending on different calculations. This very low inflation rates was and is setting a weak sign for gold. So fracking has to do a lot with gold prices. As I mentioned you can't bring billions of tons of chemicals to the ground and water and think it will never come up again. It will. I don’t hope anybody will get hurt but I am sure the damages will be much greater resulting in a moratorium and later much stronger regulations.