great wall of china, page-7

The weekend papers and web sites seem to really cover the huge uncertainty at present on gold, and presumably this delay in a funding decision is reflecting that the fact that this indecision goes all the way to the top of bank boardrooms. On one side we have major investment groups picking the end of the commodity super-cycle, bail out while you can. On the other hand, the fact is that commodity prices are not too bad at all compared to the last 5 years, but costs have steadily reason, and we are back to a situation where costs for many miners are only 15% or less below the commodity price. This mkt reality plus the enormous physical demand has to mean that gold prices are going to move north very soon. IMHO. Surely the banks doing the sums on the Deflector operation can see this and will get in on the ground floor to give MYG the certainty it needs in the marketplace?