Forum Archive Index - May 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi gooner

>
>
> Back to $375 per ounce again....... 
> 
> The slide in the US$. 
> 
>Q  Oh, but that will recover soon, right?
>A  Well, the US needs $2 billion per day to offset their
>debt.......they   aren't getting it...so no it won't improve in the
>near future and Gold will go higher. 
> 
>Q  Why has everyone kept quiet about Gold lately then?
> 
>

Probably because:

1/ Many of those Australian mining companies were priced months ago 
on the assumption that gold would get to $US375 per ounce anyway.

2/  The rising $A dollar relative to the $US has eroded any price gain 
in $NZ/$A terms.

SNOOPY



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