Gold Miners ETF (GDX): Nice analysis! I did find the answer to...

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Re: 3kidsplus1 post# 366

Sunday, 07/26/2015 11:01:21 AM

Sunday, July 26, 2015 11:01:21 AM

Nice analysis! I did find the answer to my question. When gold was at $250 the all in cost of production was just above this low. So, with today's cost about 4X that and about the current price, its difficult to see gold head to below, say $800 range, at worst. Anyway, I am averaging in and take a very long term view. Thanks for the reply and nice chart.

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