Gold horror scenario: zig-zag drop to 680 $!

Sub $1000 - tell him he's dreamin'

Aren't there mines going offline with current spot and cost to mine in some projects?
 
If it happened it would be a dream for us stackers. Chance to buy cheap in full knowledge no ones rushing out to increase production and some of those producing are slowing down, postponing or abandoning production. Isn't this the kind of move that would be followed by an over correction?
 
When I see that the US has solved it's debt problems I'll believe 680 is possible but it ain't gonna happen..They could tax their working sheeple 100% of earnings and still not make their interest payments..0 paper price perhaps..
 
Yeti Hunter said:
PS, where did you see this, TH? I would be interested to see the rationale behind it.
Click to expand...

I don't know who the author is, but it's circulating on the web without any reference. I am trying to look it up.

There are some voices talking about a "dead cat bounce". We'll see...
 
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