Gold hits record high as US dollar falls
REUTERS April 7, 2011, 7:39 am
http://au.news.yahoo.com/thewest/business/a/-/business/9151189/gold-hits-record-high-as-us-dollar-falls/
"Silver has outperformed gold, but the real leader of this rally is gold. Uncertainty in the Middle East, the euro zone sovereign debt crisis and inflation are all reasons why gold is higher," said Bill O'Neill, partner of commodities firm LOGIC Advisers.
IMO The likes of MCO should be moving higher on news like this (above).
Morning Star Gold (ASX: MCO) - We are a gold producer with extensive mining & exploration tenements in Australia's 2nd ranked hardrock historic goldfield (by production), which lies 120kms northeast of Australia's second largest city Melbourne.
Our tenements host multiple high grade gold production ore bodies mined only to shallow depths.
The Morning Star mine produced 883,000ozs of gold at 25g/t over 100 years until 1962.
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