from The Daily Coin:
On Monday April 6, 2015 Bloomberg reported that gold mining is “not profitable” and we will begin to see “sharp declines (by) at least 2017“. The way markets used to work is an analyst would review the past performance of an asset or company and then make a decision based on that analysis. A decision would be made to either begin making purchases of the stock or commodity and continue to do so for the coming months or years. Not sure how it works today in a world filled with rigged markets and QEnifity.
From Russia to South Africa to North America, the biggest producers saw profits turn to losses as prices plunged, forcing them to cut spending on mines in half over three years. While bullion output will probably reach a record in 2015, the increase will be the smallest in at least six years, before production drops 1 percent in 2016, according to Barclays Plc.
Please follow SGT Report on Twitter & help share the message.