Oromin Explorations Ltd OLEPF

RE: gold getting killed

[tony1969]

Yup Doc. I have a feeling that they are going to take it down hard again pretty soon.  It just feels like it will go lower here.  We go back to the cost of pulling it out of the ground where in some cases it is over $1300 per ounce so many miners may have to shut down for a while.  This would cause a shortage because demand will outweigh supply.  Not to mention all of the exploration companies that are going under.  Short term it will be rough but longer term we should stabilize somewhere around $1500 plus or minus 10%.