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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Zincman who wrote (42451)4/12/2013 12:10:58 PM
From: Mike M2  Read Replies (1) | Respond to of 48092
 
2001 levels ? as in $250 -300 . IMO the only was that could happen is a global deflationary depression. I must admit that I was too slow to accept the possibility of gold declining as much as it has but I became increasingly defensive since the breach of the 200 DMA in mid Feb. I think it is quite probable that gold will be driven lower next week.



To: Zincman who wrote (42451)4/12/2013 12:15:14 PM
From: benwood  Read Replies (1) | Respond to of 48092
 
So you are forecasting something along these lines, is that right?



2001 levels will be retested over the next year or two...



To: Zincman who wrote (42451)4/12/2013 12:51:49 PM
From: gravityz  Read Replies (1) | Respond to of 48092
 
Will the current cost to mine gold enter into the equation at any point or has that simply become irrelevant? Just wondering how different miners might react when the spot price approaches the all-in price to extract?