June 10 (Bloomberg) -- Integrated Brokerage Head of Precious Metals Trader Frank McGhee discusses the price of gold with Alix Steel on Bloomberg Television’s "Lunch Money." (Source: Bloomberg)

"Gold under $1100/ounce,......and silver under the $17-18/ounce level."

Relationship between falling gold prices and mining- Alix steel speaks on "Bloomberg Surveillance." (Source: Bloomberg)

White line demonstrates the accumulation production all-in cash cost. That means how much it costs to produce an ounce of gold (plus re-investing etc).....and that is on the rise and is above the current gold price (demonstrated by the red line)