daytrades november 12 morning ..., page-6

  1. 1,486 Posts.
    Re Gold comment from pre-market thread:

    I love Gold, but the problem is the strong A$ & weak US$. If the US$ strengthens, then gold is worth more to us. But the anomaly is that if the US$ strengthens, gold usually falls.

    On the other hand, Silver has appreciated 40% since mid-year, far exceeding any currency conversion offsets. The anomaly: there are no pure silver mining companies in Australia (AYN hasn't started production yet).
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