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.
Comments
Alphaoptions
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Nice concept and post!
UDAY_C_Santhakumar
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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.
UDAY_C_Santhakumar
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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.