RE: RE: 2,000,000 after that heartfelt gut wrenching post of mine , a couple of things
1. the cross took lace at 11.62
2. at this price the stock is trading at 12x earning and 7 times 2014 earnings......is this the new standard
for gold stocks.....
3. G is up marginaly but YRI is exactly at the same price platform as it was febl 2009 to june 2011...is this the new standard...and gold was 890.00...is this the new standard......if like someone said that the real book value of gold is 800.00....does this make sense ....are we really in the same world of s89t as we were in 2009,2010....
If the price drops much more they will simply stop mining the stuff. For many companies the real cost
is exceeding 1100.00 oz , especially open pit /strip even shaft mining is going to get hit
and on and on it goes
really