Gold update Don't lose faith the bottom is coming.

[ozcopper]

Gold update Don't lose faith the bottom is coming.

Timing the bottom of the current gold downward phase perfectly is not critical to making a lot of money.

[youtube]https://www.youtube.com/watch?v=FkelJLY-dXI&ab_channel=GarySavage[/youtube]

 

[STKR]

Monthly chart going back to 1999. Gold looks poised to move much higher in the long-term.

We've reached peak Gold mining. If demand meets mine supply and scrap metal refining, It really can't revert back to any price point before 2008. The global average cost to mine an Oz of gold is approx. $1100 USD.

Interestingly, if the price of gold did collapse, it would also increase the cost to mine silver; because of the byproduct mining credit structure used to offset mining costs for other metals. This is also true for base metals like Cooper, lead and zinc. Within many mining operations, the price of Gold plays an integral role in mining feasibility - even when it's not the primary target.

 

[alor]

1675 will fail to support and next is closer to 1500 support