heading south, page-54

Syd Guy

I kind of agree with you. It all seems too good to be true. However, I really do think the whole financial system is looking over the edge at the moment.

If we look at Aus, capex is being cut all over the place (see FMG today)and I do not like how this gov and in particular the RBA is not reading the signs. I see a very big fall in our dollar on the horizon if, and only if, the Chinese dont come in and massively stimulate. They are sailing very close to the breeze if they are playing games with the bulk prices, and it could seriously bite them hard down the track.

So, with a financial system seemingly teetering, you might have a similar situation develop where everyone flocks to the USD - definately bearish for gold. IMO this will be short lived and very similar to the GFC and a substantial rise in gold will ensue.

With the AUD headed for the edge as well, you could see a massive spike in AUD gold. the result very positive for Aussie gold miners. Just depends on the timing of it all.

Make no mistake, we are slowly but surley heading closer and closer to some sort of major financial dislocation. I just dont know how this will effect the main ingredients affecting NCM share price.

Good luck all