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AGORACOM Wire - Wednesday February 15th, 2012

Breaking News ....

Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

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Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile

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McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

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Message: Year-end jump in oil price could bode well for gold in 2009

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Re: Year-end jump in oil price could bode well for gold in 2009

in response to Year-end jump in oil price could bode well for gold in 2009 by investor101

posted on Jan 02, 09 06:39AM

That's true and here is why, ...... $100 oil would probably mean on balance $1,000 gold going on historic ratios - so the potential (probable?) rise in oil price is not necessarily a formula for huge gold price gains, but sufficient to give the gold mining sector a good fillip and bring selected gold mining stock prices back to their peak levels. But the market is likely to be much more sophisticated in its analyses of gold stock values having had its fingers burnt badly in the past year so it will be important to pick stocks that boast underlying strength and strong finances.

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