re: $28 oil prediction & gold....=== I'd imagine a lot of...

  1. 47,086 Posts.
    re: $28 oil prediction & gold....=== I'd imagine a lot of miners' input costs are priced in US$ so there is some saving there.

    Others such as BSG which is in Mexico, would have all their costs in Mex peso which will not move far from the US$ so the only loss will be in the repatriation of dividends.

    And all the shorts are short in US$ so it is that price which may force their hand. I'm aware that "they" have been forcasting the demise of the big banks at every price levil since $300 and it hasn't happened yet. Can't rule it out but!
 
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