gold...a worry, page-4

I think that it is more important to look at the $A dollar price of the metal rather than the US price when dealing with Aussie Goldies. The $A price has been going up this week while the US price has been falling this is the first time in quite a while that this has happened, hopefully the Australian/US dollar exchange rate will steady and we will see any US dollar Gold Price rises reflected fully in the $A dollar price. As I mentioned in an earlier post the $A price had retraced 50% of the rise from its low to the $640 high earlier this year. If you go to gold-eagle.com there is a good article by zillman with charts on the $US gold price posted today in the editorial section.