Iran can manipulate the marketsIf gold and oil fall much further I would think that Iran will buy a major futures position in gold and oil. Then they just have to shoot off a bunch more missles and talk tough and the price of oil and gold will jump and they sell into the rising market. They are in such a good position to do this. I guess Isreal and others could also do the same. Expect to see some antics soon.
Re- YRI - this still remains one of the lowest cost producers around. The copper produced virtually pays for the cost of the gold production. So the gold is almost free. This isn't going to change much. The Brazil currency rise could actually make some production costs go down.
The long run for YRI looks very good. This appears to be an excellent time to buy but there could be soft gold prices for another 45 days, unless the jokers in the middle east are playing the market as stated above.