why isnt gold 1000 plus, page-27

I am far from an expert at these global financial movements of capital etc. But to me the biggest thing holding back the price of gold is the amazing strength of the USD. The USDs are apparently in short supply in a trading sense as capital is released from all sorts of asset classes and dollars are purchased. That is supporting what should be a falling currency. The knock on effect is that the gold price remains where it is, but has in fact still climbed from its depths of USD750 or something like that.

I expect that when these extreme circumstances start to settle and the US goes into the inevitable recession, there is going to be enormous pain for their economy. The USD will start to sink and the gold price will rise to a much higher level in USD terms. Whether that translates into high AUD terms is another matter because I also believe the AUD/USD rate is absurdly low and will correct appreciably, probably consistent with the movement in gold.

That's my two bob's worth :)

regards
DF