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Can't argue with your logic Nil, though I do think PRU got...

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cookiemonster

304 Posts.

21/07/15

11:35

Post #: 15667043
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Originally posted by nihilism ↑

I've been looking at past gold trends and gold at $1000 or even below is a real option..

Previous high for gold was 750$/oz back in 1980 rising from a base of $100/oz and settled at a base of around $300-350 (approx half of the high)

This run has gone from $250 to $1900/oz (rise of 7.6 ratio compared to 7.5 last time) so if it settles at around half the high like last time, then that would be $950-1000/oz.

At that price, I'd say many goldies will be sold down on fear. Thus my projections for buy prices.

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Can't argue with your logic Nil, though I do think PRU got caught up in the overall sentiment despite a smashing quarterly with production up++ and costs down++.
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