Pending shale oil sector implosion !Pending shale oil sector implosion at some point in 2015 will push gold prices up! .
Pending shale oil sector implosion at some point in 2015 if the oil price does not get back to $80 or above in the near future ($500 billion in high yield / junk bond debt, impact on both shale producers and US banks, major job losses, both shale high paying jobs and support jobs – it is estimated that each shale job created over the past 6 years created at least 1 support job (restaurant, bars, real estate, hospitality, construction, etc.) but likely more like 2 or 3 or 4 support jobs, all at risk of evaporating,
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Oil derivatives – in addition to the shale oil collapse, big US banks have huge
derivatives with conventional oil companies, one party or the other will have to
pay for the $35 to $50 per barrel hedging loss in oil price from a hedge price
likely around $85 – 100,
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When oil prices fall further,, rendering the shale oil sector a bust,, American workers will loose millions of jobs,, causing another bubble burst, causing the Fed to inject more money into the system,,, pushing gold prices back up to $1,950 oz US I
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With low oil prices keeping the CDN $ down this will give us $1,950 oz US,, and $2,350.00 gold in Canadian $ terms,, !
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M2