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0.51% $1,391.7 gold futures

***** showing aud gold at 1310, page-6

  1. find8
    2,739 Posts.
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    08/10/08
    17:13
    Post #: 4360384
    But the earnings will come back in AUD !

    there'll be a profit gain due to the exchange rate USD/AUD progressively appreciating from 1.02 - 1.47 (now that the exchange rate is 1AUD = 0.68 USD).

    That's effectively a 45% increase in the agreed price of iron ore just there !
    Value at posting: $12,420
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    lightbulb Created with Sketch.  Great analysis
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