this is my opinion -
Gold is allowed to periodically correct somewhat.
But the USD is strengthening and making it appear like gold/oil is collapsing.
We should be looking at gold and oil prices in terms of the Euro and AUD to see if there indded is a collapse - imminent or otherwise.
As long as gold remains above AUD $900/oz no harm done and certainly no collapse.
If you pick gold stocks whose cash costs are under AUD$400/oz and total costs are under $600/oz - you should be right.
An AUD$300/oz plus profit is not to be sneezed at.
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time to eat humble cake ..., page-26
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