RE:RE:Same trend happening with gold again....Unfortunately it's dropped another $20 to $2.428. Flows show profit taking. Hard to predict the short term direction from here but still looking for $2.700 longer term. That will of course depend on world economies which at this moment are beginning to slow. Lower rates, slower economies could be a period of churning for Gold in a $200 range.
Even so, still an elevated price for profit for nearly every producer, new deposits are needed to be developed as reserves continue to be diminished.
Luckily for majors many smaller explorers that are discovering these reserves continue to trade at lows.