Oh, according to the COT report, a part of the money for nothing club bought back in (from 6898/34.5 Moz to 11322/56,6 Moz) and now they spread they swapped from negativity to positivity of course. I bought what I could during the negativity, and now its again waiting I guess. Next target $18 or lower.
Hey learned metalheads, can you please explain this to me (honestly dont know, just thought of it). Apparently gold used to be as low as 2 or 300 bucks yeh? Now its 1300 or so. One of the blokes on page 1 of this thread referred to the production cost at the moment, and the spot price is not far from the production cost. When gold was a lot cheaper (whenever that was), were the extraction/refining/mining costs also cheaper in comparison to todays production costs? Hope that makes sense.
The car has to go anyways it was a courier car....I have now lost that job as they were very hard on their drivers....Glad to be out of it actually....running costs were $300 per week.
When gold was $300 in US dollars, oil was $20 per barrel in US dollars now oil is $100 per barrel Think about where gold mines are typically located and think about how crucial energy is to the mining process What energy source can you use to run the vehicles, crushers and everything else in a remote location ? Now you tell me how much mining costs may have gone up
Yes. Costs have blown out. Bullshit inflation figures haven't, but costs have. - don't try and work that one out Now oil is on the rise and gold is off the floor - where to???? Gazza.
