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str8_chuter

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str8_chuter

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Monday, 09/22/2014 3:40:37 PM

Monday, September 22, 2014 3:40:37 PM

Post# of 5650
GDX looks headed to new 52-week lows.

Gotta keep in mind that with each passing day that $GOLD continues to decline, more mines become unprofitable.

Take Newmont (NEM) as an example. At $GOLD prices below $1220/oz, about 30% of its global production is unprofitable, using all-in costs (per the most recent 10-Q).
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