gold prices will suffer next week and when it comes to time time to buy goodluck to you actually finding some to purchase

why sell a mine with a mark up on it's ore of app. $700?

and all the mines in the world will shut down operations

I don't know for sure but on gold I could hazard a guess at around $1325 per/oz with a ten percent difference on the type of mining operation. With this in mind I would expect mines to close down production should the price dip further than 1380p/oz which would effect the price from the supply side. I do have mining stocks and the financials that I receive support my benchmark figure mentioned above. I can't speak for silver lead etc. I hope someone else comments here as I would love t hear their opinions.

agreed and oh just by the way it is still moving up steadily day after day. Not to say we wont see another paper gold sell off. Which I must confess is the strangest form of hard asset based on fractional lending I am yet to see!

I would of thought that the price of precious metals are constant. And that currencies fluctuate. The USA has tripled it's base money supply so I can't see how on earth you can believe the price will drop to $20, Your argument makes very little sense to me.

a rigged market but for how much longer? Net buyers are central banks soon the public will wake up. Maybe a retracement in price to come but long term it will see new highs as money expansion continues. Gold is constant it is the Fiat Currencies that lose valu and shorting with paper gold futures that are holding it down. Paper gold nothing but a promise nothing tangeable about it. Should be illegal!

The dollar is perceived as a safehaven. As in the last crisis watch how all the fools who take flight to the dollar have there savings wiped out.

paper gold futures just another ponzi scheme waiting to come down like a house of cards. This casino style commodity should be outlawed

I agree on your position stated. People are going to wake up soon enough and the masses will flock to physical gold when they realise how the have been deceived.