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The Street spoke with Mackie Research’s Barry Allan, who put a list of gold producers to the test. In the scenario where gold hits $1,000 US an ounce, which miners would thrive, survive or die at that price?
John Goldsmith, Vice President of Canadian Equities at Montrusco Bolton also follows gold stocks closely and says while he does not entirely disagree with Allan’s research, there are some other factors that investors need to take into account when looking at gold’s price floor.
Watch Goldsmith’s comments here plus his favourite gold stock picks.