Gold is holding 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.

If you liked this article you might like

Here's What Stocks You Want to Own in the Event of a War With North Korea

Gold, Google, SEC Hack - 5 Things You Must Know Before the Market Opens Thursday

Here's the Hottest New Way to Get Rich With Gold

How to Invest in Unstoppable Gold Prices

Novice Trade: Gold ETF