aus gold price/currency/chart/comment?

  1. 5,447 Posts.
    http://www.the-privateer.com/chart/twogold.html

    Although the $US gold price is moving higher, in $AU terms it has peaked due to currency strength. It will need to stay high to be of benefit to our miners; that assumes that massive forward selling doesn't re appear.
    The fall of the $US dollar may be good for the US stock market as their exports become cheaper, but imports become dearer. Volatile time ahead as we all make our minds up as to where we are headed. The UN may save Bush and the economy in the end!
 
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