RE:Gold now seems headed for $1,000I just checked and gold in USD is $1202 right now, not plunging under $1200 as you misrepresent AGAIN.
The recent gold price weakness we're seeing has everyting to do with what's going on with Trump's trade/tariff war with China. The tariffs have China scrambling to cheapen the Yuan and in doing so have caused the dollar to strengthen. Money has moved out of China and into the U.S.
IMO if gold continues to fall we're going to see gold production fall too. The miner's profitability depends on how cheaply they can mine it, but most of the miners are still profitable at these prices. IMO they will reduce what they mine as they get closer to a breakeven price.
That's called supply and demand.