Ann: Extension of SPP CLosing Date, page-110

Which would hardly be a gold bull market.

With all that value destruction behind the scenes gold will go to thousands of dollars. But costs will rise as well, so a high margin miner will stay a high margin miner and a bad project will stay a bad project. Troy is on the right side here.

But I guess inflation will have to wait. I think we might see a complete destruction of the world economy in the sense that stocks will go nowhere for a long long time (think decades) mainly because of multiple compression and at the same time a strong labour market. And don't get fooled by that robotics and automating bogus. It is automating vs. manual labour. But it is Western automating vs Chinese manual labour.