Oil meltdown disrupts but Eldorado benefitsToday's low opening of $11.86, 10;34am crest at $12.34, deep dive and slow crawl back up to overtake Mondays close of $12.29 Cdn (now at $12.39 at 3:36pm) is a positive sign to me.
- Cheaper oil also helps the mining sector over time as they consume a lot of energy in their processes.
- All major stock indexes are down
- Gold futures still down but many predict this too will rise shortly
- Overall this was a bland day for Gold miners, some up a bit, many down a bit as indicated per BNN Bloomberg's Gold Stocks to watch list:
https://www.bnnbloomberg.ca/gold Cheers to the patient investors