chuck - this has been bugging me for the past week or so:
based on what I see atm I have this sneaky feeling that gold is being undermined to take away it's safe haven status.
Doesn't make sense to keep reading reports about easing and money printing (US/Eu/Japan) and increased demand from Asian countries (China supposedly looking for tonnes of the stuff) to see POG being held down on an already "weakened" USD
So - either the gold theories are all wrong - or my gut is right.
Where does that leave us invested into gold producers/explorers ?
What production costs will keep companies "profitable" and in what regions?
abm produced 3.3 million ounces of gold, page-8
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