Miles Franklin
Aside from the MASSIVELY PM-BULLISH factor of limitless Central bank MONEY PRINTING, I have continually harped on the fact evidence points to gold and silver marginal costs of production approaching $1,500/oz and $30/oz, respectively…
GFMS Says 2012 Gold Mining Cash Costs Increased 17% to Most Ever
…thus, preventing production from meaningfully increasing…
Gold Production is Declining
…if at all…
Silver Production in US Declines 8.7% in 2011
Naked shorting of hapless mining shares has further reduced miners’ ability to arrest inexorable production declines and counter surging costs; and I strongly urge you to enhance the deleterious “unintended consequences” of this nefarious Cartel scheme by “SELLING MINERS, and DESTROYING THE CARTEL”…
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