Gold Drops Below Cash Cost, Approaches Marginal Production Costsby Tyler DurdenZero Hedge Dec. 04, 2013 |
FEMA Running Out of Funds for Hurricane Victims After DHS Allocates Record $454M to Secure 'Mostly Jewish Institutions'
Trump Urges Israel to 'Hit' Iranian Nuclear Sites, Slams Biden for Urging Restraint
Report: U.S. Offering Israel 'Compensation' to Moderate Iran Strikes
WATCH: New Film 'Atrocity Inc' Exposes How Israel Lied About October 7th to Justify Genocide
Sen. Lindsey Graham Pivots to Israel After Being Asked About Hurricane Helene Victims
As we showed back in April, the marginal cost of production of gold (90% percentile) in 2013 was estimated at between $1250 and $1300 including capex. Which means that as of a few days ago, gold is now trading well below not only the cash cost, but is rapidly approaching the marginal cash cost of $1125... Read More |