PRX 16.7% 0.3¢ prodigy gold nl

pog relevant to abu or not

  1. 843 Posts.
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    I thought I would start a new thread where no one can get into trouble or arguments about relevance.

    For those who have a particular interest in the recent historical relationship to $A and $US POG I found this on another thread, submitted by Dangar.

    "AUD high in Aug 2011 was about $1840

    USD high in Sept 2011 was about $1920

    If the USD PoG hits $1920 again with exch. at .90 USD thats over $2100 AUD, if AUD drops further to the .80 USD RBA target then we are up to $2400 AUD/oz!

    A new AUD high would correspond to $1656 USD/oz at .90 USD/AUD, and just $1472 USD/oz at .80 USD/AUD."

    In other words a scenario of $A falling to 80c would mean the $US POG would need to rise by only 12.5% (ie $1308 to $1472) for $A POG to reach its all time high. All of a sudden its in the ball park.
 
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