market revaluation 75 cents., page-13

Gold will likely fall to 1200 to 1500 usd ounce within 6 months. It may take time for the market to recover, maybe 3 years. When the market is at the bottom I can buy, higher grade longer life gold mines cheaper.

1. Total cash cost $800 usd ounce for the average gold producer.
2. AISC $1050 usd ounce. ounce for the average gold producer.
3 RMS ASIC approx $1500 usd ounce.

A rise in interest rates by the fed have a deflationary effect on gold and there will be a similar effect to 2008. Investors are exiting the stock market which has been artificially lifted as a substitute to bank returns.

All investments used to hedge against inflation are dropping in anticipation of a rate rise which is causing even the safer investments to fall.

Further evidence
a. Us ten year treasury notes 3.48 to 3.09% return 3 months 11% drop
b gold $2039 to $1819 ounce 10.7% drop
c silver $26.80 to $20.80 ounce March to June 2022 22% drop