How will rising crude prices (peak oil) effect mining stocks?

Discussion in 'Stocks & Derivatives' started by SilverSanchez, Feb 26, 2011.

  1. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,679
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Melbourne
    Does any one have a clue? Anyone have any info, blogs, sites?
     
  2. lakesentrance

    lakesentrance Member

    Joined:
    Dec 15, 2010
    Messages:
    273
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Australia
  3. flogbox

    flogbox New Member

    Joined:
    Feb 18, 2011
    Messages:
    44
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    It will lead to another 'correction'.

    Everything got pummeled in 2008 shares and commodities.

    Considering the attacks today going on against silver on the COMEX, i'd say they will take any opportunity to drive down the price of silver.

    We get belted, then have a massive recovery, incredibly quick.

    It isn't until the wealth in the world uses gold and silver as a 'flight to safety' when things turn sour that you will see prices hold up and surge forward. That is the day the USD dies. IMO the USD still has plenty of life left.
     

Share This Page