GREY:MHGPF - Post by User
Comment by
newGuy01on Jun 27, 2013 1:58pm
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Post# 21576902
RE:Getting around the board
RE:Getting around the boardAt this point, theres going to be some structural factors in the physical supply side of the equation that are going to help up find a bottom. We're approaching the break even all in cost for the large producers. If we get much lower production will cease. Granted demand isn't going to out strip current supply over night. But if demand stays the same, (as I suspect it very well may if we get an lower) we should be finding a bottom in here.
https://seekingalpha.com/article/1521462-gold-is-approaching-the-bottom?source=email_macro_view&ifp=1
Company specific, happy to see guys are still willing to pick up some size buys in our name. I kind of expected those orders to disapear while gold consolidates. I hope its a sign these guys are in the know and something's brewing.
Cheers