Re: Gold is doomed (?)
in response to
by
posted on
Jul 29, 2015 07:31AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
ploutus, you're post was well thought out and expressed (you must be on the wrong forum). I agree gold is near/at it's bottom. I'll be very suprised if gold goes below $1k based on cash costs alone. Hard to see gold going below the cost to extract it. the only catalyst i can see right now for gold is increased industrial demand and decreasing supply. That being said I think gold is range bound for some time to come.
And, oh yeah, EZ is a blowhard.