Disliked{quote} I was reading something a while back that stated the production costs of gold are approximately $1000 an ounce. Also the other thing is there have been quite a few new discoveries of gold over the past few years, South America, Australia, China, Russia, Africa, etc etc Maybe this is having an effect on the gold price and there is just more of it about??? The way it is going at the moment, pretty soon they'll be giving it away with cornflakes Anyone any idea what or who caused the sudden dive which started before the US news came up???...Ignored
This is what happens when Gold prices drop off too much. Many smaller production plants go into care taker mode until prices come back.
http://www.focusminerals.com.au/news...ng-operations/
As the lights go by so too do the shadows move