Comment: Where is the demand going to come from?

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In reply to comment: yeah, sure...whatever. And (see in situ)

Where is the demand going to come from?

I don't know where the supply or demand will come from, and I don't need to. Some miners will operate even if they have $30 production cost because not all that cost is cash cost, and they will incur less of a loss by continuing to operate rather than shut down. Plus some will high grade for a short while.

But, I don't look at fundamentals because they are not as important as cyclical movements in the price.

"Bend over and grab your ankles" should be etched in stone at the entrance to every government building and every government office.