next week as nut unions going on strike. May never see start-up again of some of those mines are losing money even at 1400 oz.
About 10% of world supply is from SA. This should support prices.
As supply dries up, price of gold will firm back up.
gold price may go up as supply dries up but miners are not making money w prolong strike, no?
yes, simple as that. Look at SA production 15 yrs ago and now.