RE:Rob McEwen at the PDAC $5,000 Gold Problem being they said gold would hit $5000 some even said $10,000. Then again these are all the same people that said that 5 years ago, 10 years ago, 15 years ago, 20 years ago, 25 years ago lol! Here is the issue it is sort of like calling an earthquake in California you are going to keep getting it wrong until one time you get it right. You will call yourself a Guru and put out a newsletter. The big issue for example the guys who called $2000 gold will be right finally soon. However the average cost will be $1500! Many of the large low grade producers are giving forward guidance to AISC between $1250 and $1400 for next year. AISC is not all cost so that puts All In Cost for many of these producers over $1500.
Needless to say $5000 gold only helps if you have gold lol!