Gold can fall below the cost of production and stay there. Gold is not special.
Just look at Uranium, producers need at least $70 lb to break even it is now $30 lb and no end in sight, many Uranium producers putting their mines on care and maintenance, Paladin done it this week.
Gold is no different, there are no conspiracy theories , money printing ,does not affect GOLD as it should of been above $3000 an Ounce by now. There is no official inflation that GOVT's admit to(though we know there is food, power / Energy bills Insurance premiums gone up ).
The USD dollar is not getting slammed, if anything it will go up, as people flock there as a safe haven,in uncertain times. The Chinese reminbi/Euro makes up only 10% of the currency market.
I hold many good Gold producers, just need to keep waiting till the War Cycles start kicking in
is this the beginning?, page-17
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