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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (41621)	12/11/2012 4:31:33 PM
From: Keith Feral	Read Replies (1) \| Respond to of 222176

I didn't take it that way at all. I think there are lot's of people like Peter Shiff that actually think gold is going to $2500 or $5000. Until production costs of gold get above $1000, I don't think gold prices will go much higher than $1700. That's a very generous price with the marginal cost of production around $600. 3 times marginal cost of production near $1800 makes me a better seller rather than buyer of gold. When the price gets low enough, I'll probably pull the trigger on a bunch of gold stocks with decent yields.