| During this prolonged downturn in the precious metals market, many mining companies are struggling to turn a profit and have either slashed or completely abandoned exploration activities to lower their total all-in costs.
While I do believe that gold (GLD) and silver (SLV) are due for a breakout because of the debt situation facing the US and the inevitable spike in inflation from the easy-money policies of the Fed, it is very hard to say when this will happen and it could take longer than expected. I had previously predicted a breakout of $1,500 gold by November, but it is looking like it could take a little bit longer for this to play out...............................................Full Article: Source
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