Sean is correct, for the most part. What doesn't sit right with me though is that the real players can do what they please if so inclined. We've witnessed this all through history. To say that this is just a correction, and gold will go back up, from a CEO of a mid/large teir is somewhat naive wishful thinking. Again, I think he's right. But Barrick and others were betting men too. Did I mention Cliffs?

How do gold producers hedge their bets? Investing in low cost deposits like PRB I guess.

Call me a nut, I don't care.