thanks to all the day traders and nerv nellies, page-6

Not too bad at the moment chicklittle. A few days ago gold at $US1,560 and Aussie dollar at $1.10 meant gold in $A was about $1,418. Gold overnight at $US1,515 and the Aussie at $1.07 meant gold in $A was about $1,416, so not much change in real terms for our gold producers.

As you quite rightly say, a correction in the US gold price has been on the cards for a couple of weeks or more. Once gold resumes its upward trend (which the world-wide debt/currency situation suggests is very likely by mid-year), our gold miners will do very well if the Aussie slips back to around parity with the US dollar.