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overtheedge
Member since May 2012
680 commentaries - 6 followers

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Gold Miners? $1200-Cost Fallacy - Adam Hamilton - Zealllc

Thanks for pointing out what should be obvious to the participants in the gold market.

The WGC invention of the new AISC should have raised red flags.
One need only look back 10 years and run a comparison between costs and revenue then to the same now to see that the WGC numbers were of doubtful accuracy at best.
But people want to believe in all sorts of nonsense.
I would tender the notion that it provides a somewhat credible cover story for why the believer is such a poor investor.

Nothing happens without a reason.
So always look behind the curtain.
Cui bono?

Commented 3379 days ago

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Beginning of the headline :The entire gold-mining sector was crushed last month, suffering a full-blown panic. This was triggered by an extreme shorting attack on gold by American futures speculators. As fear-blinded traders rushed for the gold-stock exits, they claimed their selling was rational because gold miners? very existence was threatened by such low gold prices. But that?s a total fallacy, this sector has no problem weathering sub-$1200 gold. The recent pain in gold s... Read More

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