History will always be the guide. Not recommended for the students in mining and geology.
Searching For The Bottom - Is The Low In Place For Gold?
"First things being cut in this downturn by Majors are new project developments and exploration. Where will they find the new production pipeline once the Gold will turn around will be the next crucial question. But first Gold must find its bottom and severity of recent capitulation is telling us that we are very close by now."
Charles Nenner Research: Cycles Say Gold is Bottoming.
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