Welcome to GOLD (XAUUSD) forecast topic 
I will follow and update this forecast in course of time.
Current price 1163
Target 200-400
Forecast
Mid term: -----no-----
Long term: Short at 1163, STOP 1345, Target 200-400
I will follow and update this forecast in course of time.
Current price 1163
Target 200-400
Forecast
Mid term: -----no-----
Long term: Short at 1163, STOP 1345, Target 200-400
So essentially below the cost of production for all miners. Damn, you'd think after half of all miners went bust, that it might be a sufficient squeeze on supply, but no, every single one must die - the gods have spoken!
What I can't understand (and I'm not sure if anyone can) is that demand especially for physical is extremely high. High enough for silver that the us mint sold out of eagles.
Does that strike anyone else as extremely odd? Usually high demand, low supply leads to higher prices, not lower. I think right now is a good buy opportunity for pm's