pog is out of sync with costs, page-29

rabbitoh

good sensible post.

But i'm wondering ?

Could there be a price where gold gravitates to based on supply and demand , a notional price that the market wants to pay for for gold and a price that would make gold production viable.
Is there a price that provides a happy medium ?

Let's say the market decides it wants to pay $500/oz for gold from now on - is it possible for gold to return to and stay at $500/oz if the production costs for the most efficient and low cost miners run at $550/oz ?