Wednesday, June 26, 2013

Gold Drops Below Its Average Cash Cost | Zero Hedge

Zero Hedge: "As shown two months ago, the marginal cost of production of gold (90% percentile) in 2013 was estimated at $1300 including capex. Which means that as of a few days ago, gold is now trading well below not only the cash cost, but is rapidly approaching the marginal cash cost of $1104..."

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