RE: $800 gold coming soon Barrick, the bellweather, is already pricing in $650 gold and copper is still holding up (but the inventories say it will tumble shortly, and today is a bit ugly there).
This is excessive to the downside on the gold stocks, there will be a dead cat rally soon methinks, but the trend for the POG is down. The question is how low. I'll sell my HBD shortly as this is a bit too fast, maybe get in the dead cat bounce on HGU?
I figure POG will go below the price of production within 2 years and then recover. Currently I am told average cost of production is like $1,100 on average, but if they mothball a few high cost mines that comes way down. I don't know what that lower number is, hopefully analists with time on their hands are working it out.
When is the reverse split coming for HGU?