I really don't understand this sentiment particularly if you are talking long term - what was gold 12 months ago $700 ish (up 10 %) what was it 5 years ago $350 odd (doubled)+.
What more do you want - I understand it cost more to get it out - so only the good miners survive.
Pressure is on and econimic pressures are unusual but I think global market has changed enough that gold will still be sought after.
I suggest there are few forced sales at the moment. Everyone is in a hurry!!
I am long on gold stocks at moment and happy to be proven wrong, I am relatively young and happy to continue to learn from my errors and make up any losses.
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