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After reaching a collective bottom in December, last week’s negative price movement has thrown gold mining stocks back into uncertainty and speculation of future weakness is growing.

Gold has been an integral part of our society for thousands of years. It’s been used in trade, and has long been a sign of opulence and wealth. But can we measure all the gold in the world?

For years, miners liked to talk about “cash costs,” the mine-level expenses of pulling an ounce of gold from the ground. For the most part, cash costs ran from $500 (U.S.) to $800 per ounce, depending on a miner’s properties.

The Post Labor Day rally in precious metals I expected has turned into the Post Labor Day Selloff for precious metals and many mining stocks.

One company trading in this investment sector is Amaya Gaming (OTCPK:AMYGF), a Canadian company that has greatly expanded its brand and presence in the last several months.

The CEO of the world’s most valuable gold miner Goldcorp (TSE:G) says “peak gold” will be reached this year or in 2015.

One time when I was in Burma (now Myanmar), I spent a couple of days riding around the forest by elephant back. Elephants are a fine thing to have in the forest but, believe it or not, you have one living in your house with you.

Continuing ultra-loose monetary policy around the world, uncertainty about how well the U.S. economy will perform once quantitative easing ends and potential for renewed hiccups in the bond markets are reasons why …