It will be more interesting to see how ABU reacts to a smashed gold price??
It is great to be constantly talking AUD and a lower $A supporting the gold price, however the USD gold price MUST be looked at in conjuction with it.
1320 support and 1400 resistance have been in play since gold took the initial fall to 1320. this has been discussed, but on most gold threads not really been taken notice of as the interests of people long on stocks serve opinions to suit their own positions.
This has now been confirmed, 1320 broken, so gold price target should now be around 1200 usd.
It was stated some time back, if ABU doesnt hold 2.5, 1.8 is next level, interesting to see whether this level is now tested??
Cheers
ann: trial mining update, page-84
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