GOLD gold futures
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gold down $30 aud

  1. Geiger Counter
    4,618 Posts.
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    27/11/09
    19:22
    Post #: 5975006
    AUD is where it matters not USD.

    Whilst gold has taken a hit, it can only be a temporary event along the path to its inevitable crowning as the untouchable asset.

    Gold in AUD is doing much better compared with USD gold price!!!!!

    Why?

    Because fundamentally the US is in fare worse shape that here in Australia. We will feel the ripples and dare I say tsunami's, but our economy is in much better shape (both structurally and condition).

    I have decoupled from thinking USD POG. Time to think AUD POG!!!

    GC
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