I have a price target for gold of $600 ounce, this price should be reached by mid December if not earlier.
In 2005 the top 50 gold producers can produce gold well under $600 ounce.
The $700 gold price in 2008 suggests it could fall and would have fallen lower. It was only the Stimulus that stopped the price from falling.
The stimulus is finished. Its all over.
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