yeah right, an investment bank calling the gold price down 30%. No surprise in guessing they are short.
these sorts of guess's are nothing more than hurling darts. No offense, but these guys were calling oil the new normal at $100 just like everyone else. They don't know. Buy grade or stay away.
I think they would be closer to saying that about the Sydney property market.
The average global production costs are approx $1000 per ounce. You can only get your costs down so far and gold is not like iron ore. That call is like saying that copper should be $1.50lb. good luck.
yeah right, an investment bank calling the gold price down 30%....
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