ucsgears

Gold Cost of Production (2014) = $1125

COMEX:GC1!   Gold Futures
184 3 6
Its in the Best interest for the Miners to keep the price above this, if it does go below, there will be measures made to cut the production, etc.....

Watching out for Gold             to Bottom Out Soon In Near future.
If any of you did a call credit spread here on GLD, based on solely the production cost, Flip it and get out. Getting out for a 0.05 is always good on spike.
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Nice concept and post!
+1 Reply
ucsgears Alphaoptions
Might take a bit more effort to push Gold Miners, but will work its way up as long as the General market does not panic.
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