tag:blogger.com,1999:blog-6089228851855763774.post2683343401979198395..comments2024-02-05T17:24:09.663+08:00Comments on Gold Chat: Gold price may be affected by marginal miners not going to company heavenBron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6089228851855763774.post-86449377567255588762015-01-15T18:02:59.055+08:002015-01-15T18:02:59.055+08:00From Reuters: "critics say it comes at the ex...From Reuters: "critics say it comes at the expense of future returns, damaging the industry's longer-term appeal for more conventional investors. They may also be keeping alive production that would not be viable at current spot prices, delaying a rebalancing of supply and demand."<br /><br />http://mobile.reuters.com/article/idUSL6N0UT26F20150114?irpc=932Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-51488064664130276922015-01-15T07:26:23.843+08:002015-01-15T07:26:23.843+08:00The fake supply from the bullion banks shorting wh...The fake supply from the bullion banks shorting what they don't have will have to be replaced to satisfy the additional demand when the masses find out the real world shortage all at once.That won't even nearly be accomplished at $5000 gold. This is why China produces gold ay $2500 an ounce without flinching. They're not nearly as dumb as the numbskulls in the US that are fooled by every negative announcement.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-10079663429614565602015-01-15T07:21:10.142+08:002015-01-15T07:21:10.142+08:00It is not clear? Its pretty clear unless youre bra...It is not clear? Its pretty clear unless youre brand new to the analysis<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-40070172544784060502015-01-15T07:14:07.173+08:002015-01-15T07:14:07.173+08:00Look on the bright side Bron... we're not goin...Look on the bright side Bron... we're not going to see a 150% rise in global mine production that we had in the last bear market (1000mt to 2500mtpa), 1980-2000. <br />Pierre Lassonde has expressed the view that production will fall precipitously from 2017. More likely (in my view) production will remain flat until the next round of 10-baggers sees a flood of capital into the sector, rejuvenating exploration and project works. <br />The 'modest' rise from $250 to $400/oz saw the HUI experience its best gains in % terms, from memory 30-300, yrs 2000-2003. I expect similar to happen again for punters who get the timing right.rowingboatnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-845684880482807892015-01-15T06:43:49.383+08:002015-01-15T06:43:49.383+08:00The total gold supply is not a well defined quanti...The total gold supply is not a well defined quantity. At prices sufficiently high all gold above ground might come to market. At the opposite extreme price of $1 per ounce very little gold (if any) will come to market. So total supply is a function of price. However, it is not clear whether the price of gold is really a market price. Gold and oil are political commodities and their pricing is therefore subject to forces difficult to quantify. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-37541911691343501992015-01-15T01:17:19.906+08:002015-01-15T01:17:19.906+08:00I doubt that the marginal gold contribution of the...I doubt that the marginal gold contribution of these mines on the verge of bankruptcy is THAT much, and the total gold production is probably less than 1% of total gold supply. Besides, what if all these mines went bankrupt and were immediately financed with 100% equity to resume business? Just because their margins might be low doesn't mean that they don't deserve to be in business. Supermarkets have extra low margins as well, but the volume they do makes it a rational investment.Fazshahttps://www.blogger.com/profile/16145320065555592999noreply@blogger.com