GREY:KXLAF - Post by User
Post by
MELLOW88on Sep 21, 2012 9:12am
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Post# 20394995
Gold UP $15...only $15 away from $1800..
Gold UP $15...only $15 away from $1800..
What might be adding to Gold's UP price today are reports that the South African "strikes" are spreading into Anglogold Gold mines, and Gold mines in General....SA is one of the world's Largest producers of Gold...
Apparently miners at Anglo are demanding the same wage hikes as at Lomnin Pt...I am certain they will eventually get these increases, and thus costs for S.A. Gold Miners are indeed increasing, and likely to become less profitable, also will make the marginal mines in SA not economical...
less Gold coming out to the markets means higher Gold prices any way you slice it ....
Mellow