OTCPK:MEAOD - Post by User
Comment by
JRaffleson Jan 04, 2016 9:51am
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Post# 24427264
RE:RE:Things can't get much worse in 2016
RE:RE:Things can't get much worse in 2016$20 oil and sub $1000 gold .......
The low oil price is likely to result in the CAD of 0.60 to the USD. In this scenario:-
- energy cost will reduce procuders costs and,
- Gold at USD1,000 would give Canadian miners C$1,666 per ounce of gold.
It seems that the metrics for $20 oil and sub$1,000 gold may not be all bad for gold miners.