XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2549 | Crypto Craft

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XAU/USD & XAG/USD - Gold & Silver Traders Thread

  • #50,961
  • Jul 15, 2019 11:29am Jul 15, 2019 11:29am
Quoting HeavenDiablo
Hello, guys, I have one question for you. How much does it cost to produce 1 ounce of gold, from the very beginning (mining, digging at all costs) to the finished product?
Hope this helps to answer your question

Quoting Aussi
Managing director Duncan Gibbs said the 50:50 joint venture with Gold Fields at Gruyere, near Laverton in Western Australia, was ready to produce gold once all the processing equipment was up to speed.
"We've got about two million tonnes of ore that we've mined to date," he told reporters in Melbourne on Monday.
"What that means is, it really doesn't matter what happens with mining, our ramp up to full production is purely driven by plant (equipment). We're not hamstrung by the mining schedule."
The 50:50 joint venture with New York-listed Gold...
I don't own that news, sources from "AUSSI"
The Force is with me.. Im One With the Force..
  • #50,962
  • Jul 15, 2019 11:30am Jul 15, 2019 11:30am
Quoting tush1822
{quote} I think it will retest 1405 range validating the TL after tomorrows RBA minutes and USD core sales.
So then we look at PA around that handle for long setups.....we will ladder down with it......one level at a time
4&1 All Time Profit: $37,496
  • #50,963
  • Jul 15, 2019 11:57am Jul 15, 2019 11:57am
Quoting HeavenDiablo
Hello, guys, I have one question for you. How much does it cost to produce 1 ounce of gold, from the very beginning (mining, digging at all costs) to the finished product?

A common practice in mining is to expand the mine until you extract every ton of ore the makes any profit at all. In public releases you will find a reserve report that includes the total tons and ounces of gold found to date in the mine that can be extracted and processed for a profit.

In these reports you will always find some mention of the gold price used to calculate the amount of profitable gold in a mine. This means that that the cost of producing each ounce is less than or equal to that price of gold.

If you pay attention to gold mining, you’ll notice that there has been a shift in how mining companies have been selecting the price of gold for reporting reserves. Since about 2015 companies started selecting gold prices significantly below the market value. When it was $1,300 per ounce they started reporting at $1,100 per ounce. If followed, this guarrenteed that none of the mines in that company would be making less than $200 per ounce profit and in general, the average cost per ounce would be significantly lower. The other side of this is that gold will be left in the ground that may be produced with perhaps only $80 profit per ounce. Also, some mines would go into closure or be sold off before all of the profitable gold had been extracted.
Through the light of enlightenment, darkness unveils the path of truth.
  • #50,964
  • Jul 15, 2019 3:03pm Jul 15, 2019 3:03pm
We had some news/ratings today that SLIGHTLY shocked certain FED to the rescue believers Hence.. USD seems to be a bit higher... didn't HELP GOLD to go up either To soon to REALLY/confidently tell but in the next 2-3weeks we shall (almost completely) confirm/reject this (slowly) stonger USD by the day, till at least mid of OCT19... that seems to be the case today.... I do "bet" on it.
Can you afford to take that chance?
  • #50,965
  • Jul 15, 2019 3:06pm Jul 15, 2019 3:06pm
Quoting auricforecas
We had some news/ratings today that SLIGHTLY shocked certain FED to the rescue believers Hence.. USD seems to be a bit higher... didn't HELP GOLD to go up either To soon to REALLY/confidently tell but in the next 2-3weeks we shall (almost completely) confirm/reject this (slowly) stonger USD by the day, till at least mid of OCT19... that seems to be the case today.... I do "bet" on it.
Pulling a short scalp here 1415.08
Looking for 1410 again.....let's see.
4&1 All Time Profit: $37,496
  • #50,966
  • Jul 15, 2019 3:17pm Jul 15, 2019 3:17pm
Quoting MzansiObi
{quote} Pulling a short scalp here 1415.08 Looking for 1410 again.....let's see.
looks like bull really taking control right now huh.. maybe the next day the came back down again
yeah we'll see..
The Force is with me.. Im One With the Force..
  • #50,967
  • Jul 15, 2019 3:17pm Jul 15, 2019 3:17pm
Quoting MzansiObi
{quote} Pulling a short scalp here 1415.08 Looking for 1410 again.....let's see.
interesting
Can you afford to take that chance?
  • #50,968
  • Jul 15, 2019 3:32pm Jul 15, 2019 3:32pm
Quoting auricforecas
{quote} interesting
Looking for a 1:1 return on this one as I'm somewhat midrange....... Last trade for the day......need to get a couple of hours of sleep and start all over again......
4&1 All Time Profit: $37,496
  • #50,969
  • Jul 15, 2019 3:43pm Jul 15, 2019 3:43pm
Quoting MzansiObi
{quote} Looking for a 1:1 return on this one as I'm somewhat midrange....... Last trade for the day......need to get a couple of hours of sleep and start all over again......
You set the trade before the sleep? Meaning TP 1.410? You might WAKEUP into profit, who knows
Can you afford to take that chance?
  • #50,970
  • Jul 15, 2019 3:59pm Jul 15, 2019 3:59pm
Quoting auricforecas
{quote} You set the trade before the sleep? Meaning TP 1.410? You might WAKEUP into profit, who knows
Yeah bud. No TP set hopefully will wake up on profit.....
4&1 All Time Profit: $37,496
  • #50,971
  • Jul 15, 2019 4:07pm Jul 15, 2019 4:07pm
Quoting Vorenzd
{quote} A common practice in mining is to expand the mine until you extract every ton of ore the makes any profit at all. In public releases you will find a reserve report that includes the total tons and ounces of gold found to date in the mine that can be extracted and processed for a profit. In these reports you will always find some mention of the gold price used to calculate the amount of profitable gold in a mine. This means that that the cost of producing each ounce is less than or equal to that price of gold. If you pay attention to gold...
Very informative post! I used to do a similar analysis for natural gas companies for a fund I used to work for. I've been interested in modelling out something like this for gold. I haven't been hugely successful though in regularly finding said reports. Any chance you could provide some direction?
  • #50,972
  • Jul 15, 2019 5:05pm Jul 15, 2019 5:05pm
S&P 500: All-Time High

Dow: All-Time High

Nasdaq 100: All-Time High

Fed: cutting rates in 2 weeks
  • #50,973
  • Jul 15, 2019 5:08pm Jul 15, 2019 5:08pm
Quoting Elements
S&P 500: All-Time High Dow: All-Time High Nasdaq 100: All-Time High Fed: cutting rates in 2 weeks
The question is, how big is the rate cut going to be?
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #50,974
  • Jul 15, 2019 8:04pm Jul 15, 2019 8:04pm
Gold, M1..I love these range candles. Stay Green
Attached Image
We err, and err, and err again, but less.
  • #50,975
  • Jul 15, 2019 10:35pm Jul 15, 2019 10:35pm
Quoting Marcieny
{quote} I downloaded on the metatrader site ... mine is MT5 what is your?
mine is mt4
Always with a Road Not Taken
  • #50,976
  • Jul 15, 2019 11:32pm Jul 15, 2019 11:32pm
M1 data suggests a revisit of 1430-1440. When? Don’t know. Sorry about the last.
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Maadik Hugiis. IQ 69.
  • #50,977
  • Jul 16, 2019 12:02am Jul 16, 2019 12:02am
Quoting auricforecas
{quote} You set the trade before the sleep? Meaning TP 1.410? You might WAKEUP into profit, who knows
Took 1411.7....
Flat for now....
Looking to sell as high as 1418 again today but will wait and see what charts print post London open......

Morning Gang Gang
4&1 All Time Profit: $37,496
  • #50,978
  • Jul 16, 2019 12:22am Jul 16, 2019 12:22am
Quoting MoneyZilla
M1 data suggests a revisit of 1430-1440. When? Don’t know. Sorry about the last. {image} {image}
My troopers cant find it easy to get that data.
I think youve got it very specialized, that's very rare, never seen it anywhere before
The Force is with me.. Im One With the Force..
  • #50,979
  • Jul 16, 2019 12:43am Jul 16, 2019 12:43am
Quoting MzansiObi
{quote} Took 1411.7.... Flat for now.... Looking to sell as high as 1418 again today but will wait and see what charts print post London open...... Morning Gang Gang
Nice! Keep it rollin, nothing like waking up into profit
Can you afford to take that chance?
  • #50,980
  • Jul 16, 2019 2:13am Jul 16, 2019 2:13am
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persistence and determination alone are omnipotent
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