GOLD 0.51% $1,391.7 gold futures

will begin a crash just like oil and uranium, page-167

  1. 2,739 Posts.
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    1. Money has a dwindling value and gold will rise against it year on year - especially so in inflationary cycles.

    2 Gold cant go back to $800/oz (that's the total costs of an average miner in 2008) otherwise the mine output will be affected which will slingshot gold over $1,000/oz anyway.

    3. Only a certain amount of gold is produced each year - we wont likely see an over supply as we do in base metals.

    4. So POG should be in a range but remain close to and above AUD $1,000 is my guess near to mid term - until the next leg up as the 100's of millions of new Asian middle class start progressively buying and create a significant supply deficit.
 
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