low grade mines unprotected in gold correction

I have heard a lot about how the gold price has a new higher benchmark and that it will not go below 800 per ounce.

Im sure there is evidence this is correct, but Im causious saying that, 95% of nickel mines were not profitable when nickel hit $4 a pound and remember the gold price is very lazy after a correction, currently you might say 40% of the gold price could be institutional trading for a safe haven.

AVO or dio might not survive a prolonged correction, it would also see them traded at a massive discount and allow a takeover when their true value might not be realised.
This is why RMS with its high grade resource is better for a dio/rms deal. RMS high grade mine would create certainty for DIO to survive any large gold correction so they dont get sold out at a discount.

I know a lot of ppl will not agree that there will be a gold correction but there always is, expecially when its traded by institutions in a recession.
We are so close to the tip just like 1987 its not funny, I could be wrong but prefer to err on the side of safety.