Question: At what downside price for gold would make you puke?
- Thread starter SilverSanchez
- Start date
Lunarowl said:I'm about to puke.. the coffee i had this morning was terrible
Making crap coffee should be a crime
SilverSanchez
Active Member
I just wanted to know what sentiment was around,
Recently ive seen a few people 'lose their sh**' and start the blame game for why the metal prices are tanking,
Believe it or not thats a sign. I want the sellers to sell and be done with it.
Recently ive seen a few people 'lose their sh**' and start the blame game for why the metal prices are tanking,
Believe it or not thats a sign. I want the sellers to sell and be done with it.
If it breaks $1450 :|
SilverSanchez
Active Member
SilverSanchez said:
Lets see how I go
a member just reminded on this thread.
back to the top!
back to the top!
hyphenated
Active Member
Happiness =
Spare cash and low gold price, or
rising gold price and reasonable stash, or
falling gold price and zero stash.
My intent is to only sell at a profit, so it's irritating to spend all my free cash in a dip and then see another, lower dip.
$1,400 is my WTF? price given cost inflation - I assume a couple of years of that would see a lot of mines and explorers throw in the towel.
Spare cash and low gold price, or
rising gold price and reasonable stash, or
falling gold price and zero stash.
My intent is to only sell at a profit, so it's irritating to spend all my free cash in a dip and then see another, lower dip.
$1,400 is my WTF? price given cost inflation - I assume a couple of years of that would see a lot of mines and explorers throw in the towel.
I see this as a WTF episode that will not last. These prices are unsustainable not just on the production side but majorly on the traders side ultimately. Just as an example has anyone here been able to buy phys for the spot price on offer ?
tiddleyetom
Member
Im surprised to see it this low, I think it was Jim Rogers who stated it costs $1500 to mine it and have it market ready....so Id say no less than what it is now (1550 ish).Although to freak me the F@ck out...below $1000 would do that...
SilverSanchez
Active Member
SilverSanchez said:
... would you believe 2014?
SilverSanchez
Active Member
This is the most exciting these markets have been since 2010 
Ironically we are back to 2010 prices
Only difference is AUD is 20% more valuable compared to the USD than 2010
Ironically we are back to 2010 prices
Only difference is AUD is 20% more valuable compared to the USD than 2010