gold falling off a cliff, page-24

thermionic

The rise of the AUD is more of a worry than the fall in the USD POG. The AUD has now almost reached parity with the CAD now at 99.26 Canadian cents.

It looks like AUD will reach parity with USD over the next year, and then exceed it, which will be negative for our goldies. I still expect the rise of the AUD to be outpaced by the rise of the USD POG over time.

The positive aspect of a rising AUD is that some production costs fall.

loki