CoalKing
The POG defies logic.
We're in a global inflationary environment and yet the market thinks gold should be priced at a price where the average miners are barely suviving.
The low cost miners - about 25% or so I think are doing fine by the way.
I'm just concentrating on the average and higher cost miners - the 75% that would be feeling the pinch.
I think gold will find its price in time - but it might take another 12 months or so before we see that.
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