he comes across as very uninformed when it comes to gold. if annual production is only ~2% of total supply , how could a fractional increase in new production effect the maket given net production is/will not be rising?

http://www.gold-eagle.com/editorials...

WB There have been quite a few gold companies raising capital actually, one of the few industries that are able to raise cash right now. There are a few gold mines opening because the price has held up and they can actually make money. Their costs are going down recently, so that's a good thing.

JR If you own gold it's not a good thing. If they are opening it means even more supply coming. But it's my understanding that most of these mines are pretty small potatoes, I shouldn't really say that because I don't really know. But it's not good for gold if mines continue to open. It is good for zinc that mines are closing and that other mines are not opening.