Gold mining sector is in shambles. A cleansing of the market might not be such a bad thing…


Profitability (or lack there of)

The gold mining industry is in dire need of assistance. The sector, which is recovering from one of the worst price dips in the last 30 years, is not exactly in the best of health.

According to Joe Wickwire of Fidelity Investments, almost 33 percent of all gold production is a money-losing venture if the precious metal price is lower than $1,250 oz…
Read More


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s