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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (294057)	11/29/2010 11:29:21 AM
From: Tommaso	Read Replies (2) \| Respond to of 306849

About what I guessed: "Speaking of value, the latest ABN AMRO Virtual Metals Group Haliburton commodity research team found that the third quarter 2010 average gold mine cash cost per ounce of the yellow metal rose by $23 per ounce, to…drum-roll…$585.00 per ounce. That is a gain of 4% on the quarter and it came about primarily as a result of the weakness in the US dollar during the period. Latin America remains the lowest cost region for gold production globally speaking, with an average cost of $441 per ounce of gold mined. North America came in at the $513 level, an actual decline from the $545 Q1 and $539 Q2 levels. Producers around the world are enjoying a staggering *$840 per ounce margin* [my emphasis] at the moment, but the equation does raise questions of sustainability." resourceinvestor.com