GREY:ABGFF - Post by User
Comment by
bizwizon May 30, 2012 1:54pm
235 Views
Post# 19961598
RE: We hit bottom???
RE: We hit bottom??? And dumb me after readinga comment about historically high inventories without oil (which most notably should include the products of refining) is starting to wonder if this is only the start ... But then they just have to limit their refining capacity (if we are dealing with refined products ...) unless (as is ultimately obvious...) there is an actual glut with oil... But this being the summer season should have us realise that people in cars are out and taking the weather in strides !
Actually since the price of gold seems somewhat tied to the price of oil, I'm basically asking myself if gold will suffer any adverse results for any decrease in the price of oil such a price in percentage terms leading to what may appear as a spectaculkar dollar drop which precentage wise is much more benign, the ultimate result being a major drop in gold mining stock with the juniors suffering the greatest...
With due respect to my opinion , please be reminded that I'm a novice (bizwiz is for the cheezy stuff) which applies common sense which considering what common sense dictates may occasionally lead to some dramatic results. Trust token sales and shorts with this stock to depress the market if nobody is buying because of lack of interest. Promotionally minded folks would jump on the occasion to make this stock known to a wider audience to prevent such manuipulation...