Plunging Gold Price Has Mining Companies Selling at Loss

``Gold fell to a four-year intraday low of $1,137.10 an ounce today, below production costs for seven of 19 mining companies tracked by Bloomberg Intelligence, including Harmony Gold Mining Co., South Africa's third-largest producer, and Primero Mining Corp. (P) Two more producers are within $50 of the figure.'' -- Of course real-world costs don't matter at all when price is governed by high frequency trading and central bank manipulation..