thats my feeling on it too, we have a far higher risk of an oil price shock to the upside than of a gold price shock to the downside
what if putin sells his oil for gold.. massive spike in gold which we miss out on and an almost certaintity that oil prices are going to go up more anyway. funny i mentioned only a week ago we should be focusing more on hedging fuel costs than gold price and then along comes this.
at least theyve gotten into the solar electricity supply.. but that wont power the trucks and loaders
Ann: Beacon Enters into Forward Gold Sales at $2,715 per Ounce, page-67
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