Banro Corp. fka BAA

[baystock1]

http://kingworldnews.com/gold-silver-soaring-global-stock-markets-plunge/

>> This 70-year Gold/Oil Ratio chart is an incredibly important one because it explains why the mining sector has started to perform so well, even as the stock market has begun to decline. 1/3 of mining input costs are energy-related and the collapse in the price of oil is creating tremendous cash flows straight to the bottom line of the high quality producers in both gold and silver.

I don't think people fully comprehend how positive this is for gold and silver producers and the underlying shares. The high energy costs vs the gold price can clearly be seen on the chart above, particularly on both sides of the 2006 zone (see chart above). Well, now that situation has reversed in a massive way in favor of gold.

Right now the ratio is blowing out in favor of gold. The all-time high is 34/1. We are currently at over 24/1 as you can see on the right hand side of the chart. Well, I think the high of 34/1 will easily be taken out before this is over because gold as a monetary metal is coming into its own as these paper currencies are being systematically destroyed.

So the fact that the Gold/Oil ratio is blowing out in favor of gold is an enormous positive for the shares. Nobody owns the shares and they remain historically underpriced and I can't encourage people enough to buy them at these prices, even though they have rallied a bit here.” <<