gold is basically stuffed, page-4

hi gonenowhere,

media krap ..

dollar surging is it ??

currency rates now 02/10/07 :
USD v Euro 1.1461
AUD v USD .8848
GBP v USD 2.042

compared to 29/09
USD v Euro 1.4165
AUD v USD .8816
GBP v USD 2.002

on balance, hardly worth shouting about.

this morning, european time, i hesitated at plugging some of my ozzy cash into GOLD - (ASX quoted security). in the end i did not buy. i had a feeling the us dollar v aud was not worth the risk. the usd has gotta fall heavily against all currencies for the gold price to get past all time highs. as other currencies strengthen against the usd, most, if not all the gains will not materialise. ok for usd dollar based investors tho.

so why the big drop in the price of gold in us dollar terms today ? what is the real reason ? we shall find out soon enough no doubt.

be good,

40.

PS watch those stupid announcements, such as dollar surges. some pretty journalist wanting to make a name for himself !