gold is down us$1.55 ..., page-4

Aussie gold stocks will always be tied to two things: the price of gold in US dollars, AND the exchange rate.

As the POG has gone up, the exchange rate has also gone up to neutralize it, so we've actually lost ground.

But, that only applies once the gold sale proceeds are repatriated to Australia and the exchange rate applies.

Of course, if the exchange rate settles back again, AND the price of gold keeps going up, then we're laughing all the way to the bank.

Need to think in the longer term for gold stocks in Oz. Or else pick those stocks that keep all proceeds in US dollars, like CXC (silver and gold) for example - it's based in the USA.