One of the people who have brought my Ebook, have worked out what GOLD is going down to.
He was correct on his calculations, he worked it out to be the same price I did a few months ago. I may state the price here at a later date. I will not tell you the price or how it is calculated because that would be unfair to those who are buying the book.
If you would like to know what GOLD is going to then you can simply work it out by buying my book. I would like to even put a range on here but then why do that. Struggling here to find the words and not tell you the price target.
I can tell you though it is much lower than the break even point of $1,100 AUD that the miners must make to make it profitable to mine the Gold in the first place.
Many of the Gold miners will go broke or just stop production, Seems like a very good SHORTING play/trade to me although I thought that when NCM reached $40.00.
Back 2.5 years ago in April 2011 I said to one of my clients the Mining boom is over. He laughed at me, then come back to me at a later date a couple of weeks and said all his mates down the pub/club say I am a nutter for saying the mining boom was over.
Who was right in the end…….. I was precise April 2011 was when the Mining boom was over
Yes GOLD is going much lower, you watch and see……