Angus Gluskie Quotes

Oil above $70 and the threat of a weakening U.S. economy are going to shake out those hangers-on in all markets. Oil affects just about everything, from companies' costs to consumers.

- Angus Gluskie

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Threat | Weakening | Economy | Shake | Hangers |

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It's not just miners - I suspect there will be a few more industries feeling the effects of oil prices and other costs. - Angus Gluskie

Certainly for the short-term, metals prices are propping the mining shares up. They're trading above the value of their earnings but investors are focused on the underlying commodities movements. - Angus Gluskie

Oil above $70 and the threat of a weakening U.S. economy are going to shake out those hangers-on in all markets. Oil affects just about everything, from companies' costs to consumers. - Angus Gluskie