Relevant:
- The growing 90% club and why gold production is going to go to zero - Hinde Capital
- James Turk - Gold & Silver Will Breakout to the Upside
- Prepare for the Pivot Point in the Gold Exploration Cycle: Quinton Hennigh
- London is Out of Gold; Moving to the Post LBMA-Era Gold Price Reset
- How Much Gold Stock is There Really?
2013-07-09 — zerohedge.com
``Citi's ominous warning that, "a combination of rising unit costs (15% yoy), sustained high capital budgets and a falling gold price have resulted in a fast contraction in margins - so much that no gold company under our coverage will generate Free Cash Flow at spot gold."''
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