$153,000 GOLD: On the cusp of a historic upside breakout!
Gold
November 11 (King World News) – Theirry from arvy: Gold miners just hit their highest level against gold since 2013.
Third time at this ceiling. 2016. 2020. Now.
KING WORLD NEWS NOTE: GDX On The Cusp Of A Historic Upside Breakout vs Gold That Will Vault Mining Stocks Into A Massive Bull Market
Here’s why it could break this time.
An ounce of gold sells for about $4,100.
It costs a typical major roughly $1,600 to dig it out, all-in.
The miner keeps $2,500.
Now gold rises 22% to $5,000.
Costs stay at $1,600.
The miner keeps $3,400.
Gold up 22%. Profit per ounce up 36%.
That’s operating leverage.
And many analysts still model gold around $4,000 flat. Every dollar above that is profit nobody has in their spreadsheet yet.
The honest part: leverage works both ways. Gold at $3,500 cuts that same margin by 24%. And costs are rising. Newmont expects unit costs to climb again in 2027.
Gold owners own the ounce. Miner owners own the margin…
ALERT:
Tether has been bought a massive stake in this gold company because it will provide huge upside leverage in the gold bull market! To find out which gold company CLICK HERE OR ON THE IMAGE BELOW.
Sponsored
$153,000 Gold
Lukas Ekwueme: Gold prices needed to wipe out all federal debt:
– Russia: $5,3K
– Eurozone: $44.7K
– United States: $153K
Rising gold prices can solve global debt problems,
as a rise in prices doesn’t hurt any industry.
– No factories shut down because gold goes up.
– No crisis
Just gold prices rising significantly. Tether has been bought a massive stake in this gold company because it will provide huge upside leverage in the gold bull market! To find out which gold company CLICK HERE.
Gold & Silver Prices Finally Headed Higher
To listen to Alasdair Macleod discuss why gold and silver prices may finally be headed higher CLICK HERE OR ON THE IMAGE BELOW.
ALSO RELEASED!
GOLD ALERT: US Desperately Moves To Ramp Up QE CLICK HERE.
What Is About To Happen In The Silver Market Will Be Historic CLICK HERE.
Michael Oliver – Don’t Believe What The Media Is Telling You About Gold & Gold Stocks CLICK HERE.
Roadmap For Gold After False Breakdown And Subsequent Rally CLICK HERE.
Someone Is Bullish On Silver With A $700 Price Target CLICK HERE.
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