Post by
Heywood_Silvers on May 25, 2021 9:59am
Let me see if I understand this correctly....
GPL will (abeit not their original plans) hold back 10,000 oz of gold from the market this year and will likely end up selling the gold at much higher prices later in the year or next year. OK, I have no problems with that.
If more mining entities would hold back product, the physical supply pressures may actually help break the paper market manipulation.
Comment by
ikny on May 25, 2021 10:07am
this is not a strategy,it is because part of the mine is crumbling we dont know final results..down 11cents in US market
Comment by
ikny on May 25, 2021 10:21am
they are not holding back mined gold,they will be mining 10,000 less oz.
Comment by
ikny on May 25, 2021 1:05pm
and on top of all this mess,their AISC is $1450-$1550 per ounce,which is very high