All good points. Producers are already suffering with gold at this level. It's easier said than done, but they should be backing off production instead of selling at a loss and hoping to make it up on volume.
It's good that everyone is complacently bearish on gold. I'm happy to pick up shares when it retreats a bit and lower. I'll be looking more seriously at PM bullion at any good price drop near $1k.
Suckers rally last week. That will come back down in short order. USD isn't ready to poop out just yet. Too many scared folks in Europe and Russia. But they'll have to do something to pull it back down; I think they will next year.
One wonders about political games in the US at this point. Republicans have control of congress now (or will in January); just in time to HAVE to do something nobody will like to manage debt payments. Democrats pulled this one off masterfully. They learned a thing or two from Reagan. Set up nicely for the next presidential election when Hilary's reign of terror begins! LOL!
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