Here's Why Gold Miners Will Cut Production Under $1,200 Gold

After gold dropped more than $40 on Thursday, it has held near $1,200 an ounce. Many analysts consider that level a key level of price support, but with central banks around the globe continuing monetary stimulus, gold remains attractive to some investors. Capital Gold Group's Jon Najarian tells TheStreet's Joe Deaux that if the price drops meaningfully below current price, miners will begin to cut supply as the mining process becomes too expensive.