Hycroft Mining Holding Corp (HYMC): $700 per ounce gold... bring it on! Onl...

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Hycroft Mining Holding Corp (HYMC)

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Re: Montanore post# 2461

Saturday, 11/01/2014 1:29:05 PM

Saturday, November 01, 2014 1:29:05 PM

$700 per ounce gold... bring it on! Only the strong companies and strong managements will survive in that environment.

However, I must advocate for law of supply and demand. At $700 gold how many gold mines would be shuttered. Those shuttered mines will no longer be contributing to supply. At some point demand will begin to outstrip supply (even in a paper market). Where is the tipping point that reverses the decline in the gold price? It could be $700. Either way I will be a buyer on the way down just because I do not know where the bottom is.

Stay golden my friends and invest wisely!

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Recent HYMC News

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Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 01:00:31 PM
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