$1000 is too close to the total cost per oz of major producers....

$1000 is too close to the total cost per oz of major producers. Fair enough for the juniors who are trying to restart low grade below average operations to fail at $1400-1200. But if you head down to $1000, the global mining supply will drop dramatically due to the low POG as this will impact the global majors in a big way. This won't be allowed to happen IMHO, and even if it did, supply and demand would indicate a rapid rise in POG due to shortage of new metal.