Bloomberg article: Gold Industry Facing Mine Discovery Challenge, Barrick Says
I am long GDX and see this as a reason for the recent drop in price.
the "gold shortage" argument is actually one which supports much higher gold prices that will allow miners to dig deeper for PROVEN RESERVES.
The point of article as I saw it was that even the higher prices, due to less supply will not cover the increased cost of exploration
maybe we see consolidation and buyouts of junior miners.Short argument is thin but deep pocketed apparently.