RE:what if gold goes below $1100ruffus23 wrote: was going to buy this morning but decided not to. i have a feeling gold is going to fall for the next few sessions, not much positive news concerning gold this week and outlook seems grim. if it goes below $1100 range edv could be in trouble. not sure how they will deal with this? reckon many other miners woudl be in the same boat.
anyone know who owns neighbouring mines or is looking to invest in the region?
- I have no idea where Gold Price is headed, although looks like, most probably, it is heading down and might be going to check the last bottom of $1180.
- If it goes below 1180, then Goldman's target of $1050 is the next target. I have a feeling that the Bullion Banks are going to take this sub 1000 by the end of this year.
- If the miners are smart, they should have hedged their future sales in the $1350 range for the next few quarters.
- I hope EDV did that. We might find that out on the Q3 reporting out on November 14th.
- Gold is heading into a rough year ahead !!