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0.51% $1,391.7 gold futures

2nd bof 2014, pick best gold stock 2014, page-109

  1. Ophir
    11,173 Posts.
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    01/01/14
    22:42
    Post #: 12757061
    If mines in Oz, great if A$ drops and best if gold goes up & USD goes up too, can happen. If mines oseas, their earnings in USD so good too. But costs rise here if A$ drops, ie diesel, & oseas if USD falls. If gold soars, doesn't matter unless USD tanks & A$ soars, then not so good but diesel & machinery cheaper. Best to have mines here & oseas. It's complex as there are gold, A$ & USD variables & mines here & oseas. In a gold panic, they all go into orbit!
    Value at posting: $0.00
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    lightbulb Created with Sketch.  Great analysis
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