Should be a +ve day - the miners went well overnight. The AFR...

Should be a +ve day - the miners went well overnight.

The AFR today.
Robert McEwen, one of the gold's industry's most unabashed bulls, is predicting prices could surge as much as 44 per cent by the end of the year as confidence in the economy buckles.
The metal could trade in a range of $US1700 an ounce to $US1900 by the end of 2016 as uncertainty builds around the stability of global currencies and sovereign debt, said McEwen, who's so enamoured by bullion that he's founded two producers: McEwen Mining and Goldcorp. Record-low global interest rates will cause a "huge amount of anxiety" for investors, who will turn to gold as a store of value and an alternative asset, he said.

Well, he would say that, I guess!

However the important aspect of the world price of gold, and this goes both ways of course, is that a higher price starts to bring marginal ore from 'not worth processing', to 'can be processed for a profit'. Should this mad gold bull be correct, then a significant amount or ore will become profitable, which otherwise would remain as ore on the 'waste' pile.

At $1800, his median, that would be about $2,400 AU$. We will see.