Bloomberg

Bloomberg is equating owning gold with owning gold miners. If gold prices advance to just under $3000/oz. as I think it will, and that will be the end of the gold bull market, the gold miners will be the value play.

Bloomberg

BNN.ca

Aurico Gold is resorting to maximizing production of ore and through-put in a gold mine that has seen decades of service. This fits with a business proposition, but attempts to make geological reality conform with production figures.

They will mine below cut-off grade, which inevitably result in poor performance of the mine, unless your gold price is well above, making up for any sloppy oversights.

http://watch.bnn.ca/#clip958411

Jeffrey Christian is calling for fresh lows in gold prices:

http://watch.bnn.ca/clip957885#clip957855

Gold miners. It's all bad. Writeoffs.

http://watch.bnn.ca/clip957885#clip957609

Frank McGhee sees lower prices, unless something happens to change the fundamentals. We have an ongoing correction in bond prices, but something else is that short term treasury bill rates have declined in the U.S. Yields cannot remain above zero if equity markets sell off.

The big driver for gold in the 2011 run-up was negative nominal rates in the Eurozone, German bunds, and Swiss treasury bills.

http://watch.bnn.ca/clip957885#clip957885

-F6