Just have a look at the London Gold Presentation; The direct cash cost for 2013 is $780 to $825 .

 

All in costs means everything to the penny..............there are no gold producers who are mining gold under $1,000 per au ounce..........if you think they are then you surely believe everything u read or is thrown out in the media.......
 
 
The new big story out there is that Barrick is on the brick of filing for bankrupcy (far too much debt on their books and they still have a large forward hedge book that they did bring down to zero as they said they would........there are reports out that they are selling 3 gold mines in Australia (chinese buyers are looking at the sell off) that are producing just under 500,000 oz per year...if they do then that is a game changer......but the bet is that some wall street entity may take them over just before - US government for the reserves........and other larger miners may also get bought out in the same fashion...........so that tells who really wants and needs the gold.....
 
 
Frank Guistra has sold all his ETF's and is buying mining shares now......
 
 
GLTA