As gold price plummets, is it time to buy? | Financial Planning | AMEinfo.com:
We have to face the fact that the gold market had 12 years in the limelight, but now is in the midst of a bear cycle. Nevertheless, I still believe we will soon enter a consolidation phase where prices will hover somewhere around $1,500-$1,600. When you look at the all-in cost structure of gold mining, it is around $1,300 an ounce, so I think we are nearing the logical bottom of the barrel when we talk about gold prices. We could even start seeing some slowing of production. So I expect that we are now approaching a level where you hopefully will make money on a long position in gold, over a medium time frame.
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