This morning gold edges closer to $1,200 spot starting the day at $1,212.90. Another $13.00 decline and 75% of the world’s gold mines start producing negative cash flow.
The Fed knows they are backed into a corner and if mines start closing, demand will eventually cause gold prices to climb regardless of Fed actions.
2014 is going to be a very interesting year.
Gold Goliath is not your typical gold dealer.