RE:Gold Spot taking Off premarket From Kitco Interview Today.
A common misconception is that the gold price needs to recover from current levels in order for the gold miners to perform well. The reality is that even at sub-$1,700 an ounce, miners can still operate with profit, said David Suda, CEO of Gold Terra Resource.
“I think we are going to see higher prices but I don’t think we need those higher prices. I think the good projects will shine at the prices that we have. Obviously, they’re going to do better at higher prices, but we’ve seen a significant lift. I think that the producing gold companies are already showing that they’re able to get some significant cashflow traction based on the current commodity prices.
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No doubt $2000. looks fantastic but as I have said MOZ and others don't need it other than iceing on the cake. Most suggest $1350. to make a profit. If Au is higher great!