The Phaserl


Is Gold Set for an Explosive Rebound?

by Byron King, Daily Resource Hunter:

In recent months, the price of gold has tumbled. Along the way, lower gold prices have undermined the share price of many mining plays. The yellow metal is selling for its approximate cost of production at many of the world’s largest mines.

Yet for all the gloom and doom within the gold investment space, there are indications that physical gold is becoming scarce. In fact, gold may be setting up for an explosive rebound, both in its nominal price and in the value of companies that mine it…

Here’s the posted price of gold over the past year. We’ve endured a steady retreat from near $1,800 per ounce to the mid-$1,200s. Clearly, people are selling.

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