Oil and Gold, Re: Reuters -- Hugo hurting for cash

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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jcwillis

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Oil and Gold, Re: Reuters -- Hugo hurting for cash

in response to

Re: Reuters -- Hugo hurting for cash

cantjustread

posted on Mar 01, 2008 06:15AM

Gold and Oil sure seem to run as a pair in price and follow one another. Typically on a 10x per oz. Gold to a barrel of Oil.

For instance, if Gold is about 950 an oz., Oil is about 95 a barrel.

A hit on Oil might not be such a good thing if this pricing is typical. Might take Gold down, too.

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