Naah what im saying is even if the price of oil goes up, the rise in price of gold (which maybe related or unrelated) can help in reducing the cost of production.
But eitherway, POO is affected by the current conflicts. After such a high when Egypt was in conflict, the POO dropped back down, then spiked back up during Bahrain and went higher cause of Libya now. Looking at this, the POO can drop down big time after and if the conflict subsides.
Whereas the POG is more related to people searching for a safe haven or more value for their capital. Sorry I said the wrong thing just now. But the Libya thing is worrying, with all Dutch Shell employees evacuated out of the country as well.
SBL Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
