Gold will more than likely slice through $1,180 sooner rather than later, there's no good news for gold, if it does there may be support around $1100.
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A move below $1,180 would take the metal to a four year low and would send alarm bells across the gold mining sector, Mr McCarthy said.
"Some of the higher cost producers are under threat and if we do see a breach of that $1,180 level it's going to raise concerns across the sector," he said.
His advice to investors is to stay away from the sector entirely until the dust settles
----------------------------------------------------- http://news.smh.com.au/breaking-news-business/gold-price-low-and-heading-lower-20140919-3g4bk.html
