Gold should keep trending up...I have an initial target of...

Gold should keep trending up...

I have an initial target of US$475 on this swing.

The AUD$, will also continue to rise, however I expect it should peak around the 81c mark...eventually settling in the high 70's.

The above scenario eventually points to and AUD$ gold price just over AUD$600...which will possibly be reached by early next year.

I feel any run on local producers, due to the recent US$ gold rise, is on this premise.

Cheers!