ww-eletter@angelnexus.com Production is going to start trending down, and most estimates put 2014 and 2015 as the peak of production for many years to come.
Add in the debt burden of mining companies and the overly high cost of pulling gold out of the ground for major producers — most major miners have all-in sustaining costs around or $1,000 per ounce — and there isn't much chance to find financing or free up cash for capital investment.
So, to sum it up, outside of suppressed prices in U.S. dollars, gold prices are trending up in the global market, demand remains strong, yet supply is going to be hindered for years to come due to falling production and lack of capital.
The standard gold metrics support higher prices. Then there is the new variable being added to the equation.
excerpts from a news letter. Because we are expanding our gold inventories in the ground with more exploration, share value will continue to increase. We got suppy in the ground!!!