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<p>[QUOTE=&quot;vpr, post: 1989081, member: 41554&quot;]You&#039;re referring to cost of production which has a pretty wide range. Besides, there are other factors you&#039;re not taking into account. Maybe, some big miners have unionized workers? They can&#039;t just fire a bunch of people just because prices are down and they want to close some mines. Also you can&#039;t just wake up one day and decide to shut mines. It takes time to shut them down and re-open them. What if prices spike up again? Companies have to take this into account. They&#039;re slow to close mines. They don&#039;t worry too much about short term pricing. What about contracts for future supply that they may have signed? Someone else is taking the hit and the miners are still producing.</p><p><br /></p><p><br /></p><p>And even if none of this applied, prices can still trade under cost of production for extended periods of time. Happened in the past and will happen in the future.</p><p><br /></p><p>I&#039;d be lying if I said that low prices don&#039;t bother me. The lower prices go, the more I can buy. I want to see sub $1000 gold prices.[/QUOTE]</p><p><br /></p>

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