Oil: Test of the Strongest

[errolanderson]

Oil price collapse is going to be real tough on the juniors (IMO). Real loss of equity ahead.

Moody's dropped Japan's credit rating overnight. If oil drops below $60 per barrel, this will be a train-wreck in Calgary.

[mbdog]

Errol...do you think can$ tracks oil going forward?

[rkaiser]

cotton - the Swiss are a small population and word spreads fast. They obviously know what is coming and knew that a vote in favor of repatriation of their gold would not change the outcome. Petro dollar will be gone very soon and a new wonderful replacement that will be good for everyone is on it's way.

[errolanderson]

mbdog . . . yes, more pressure on the loonie ahead (IMO). Sense our spot loonie will break below 85 cents at some point ahead.

Job losses and a real estate price drop
also ahead. This has an ugly smell to it.

[boarderbloke]

Falling crude prices may finally be the catalyst that deflationary proponents needed, to win the battle of inflation vs. deflation that has been going on for the last 7 years(minimum).

[cottonpicken]

Interesting day,all the logical things that should have happened,didn't.

Dont think we are out of the woods yet.

[mbdog]

Still trying to sort out if strong can$ /divergence from oil plays better/worse.