soros predicting dow at 7000, page-18

Sorry to rain on your $2000 gold spiderman but until such time the PM stocks represented by the HUI and XAU start puting in stellar performances the move in gold can only be attributed to panic moves by panic investors! Anyone buying gold now could be down 15% a week later! I'm a PM bull and I respect that this is not the time for gold. The smart money will be pushing up the goldies well before the big run in gold occurs. The strong US$ is not helping golds cause also and the US$ target is now 85 on the twi. Oil headed to $80 is not helping also! What we do have is a bull market in AUD terms for PM's but no one from overseas is going to invest in Aussie stocks whilst the AUD$ keeps falling as they lose on the exchanger rates. AUD$ needs to stabilise. AUD$ traded between $1.30-1.40 to the US$ in the early 2000's so we may have reached the trading range! Having said this this move has 67c written all over it which will push the exchange rate up to the $1.50 area. Once overseas investors see a bottom in the $AUD they will venture back into our market and not before. Takeover's are not included in this!