I think the AUD is set to fall dramatically which will offset some (not all of the US decline in Gold). What has held $AUD up in the past has been relatively high interest rates when compared to US and EURO rates. If one believes there is a true recovery occurring in the US and hence a long term buying of the US dollar is occurring then yes US$Gold will continue to fall. Any suggestion of easing of bond purchases by US fed would create a spike in US treasuries rates thus narrowing the interest rate differential between Aust and US. As AUD is primarily a commodity based currency and price of Iron Ore and others heading south it is only a matter of time we see the Aussie at say 80-85 US cents. This means a US gold price of say $1,100 would still have AUD Gold at some where around $1,350. (Not a great distance from where it is today). I think an upcoming decline in the $AUD will help absorb the worst of the $US slump in POG.
Another point to note, NST all up costs are at around $950oz. If other less efficient mines are shut down, labour and equipment pressures in WA will ease which in turn may result in costs actually falling.
- Forums
- ASX - By Stock
- NST
- a$1,000 gold price would shut nst down?
a$1,000 gold price would shut nst down?, page-12
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NST (ASX) to my watchlist
(20min delay)
|
|||||
Last
$13.96 |
Change
0.080(0.58%) |
Mkt cap ! $16.04B |
Open | High | Low | Value | Volume |
$14.01 | $14.11 | $13.90 | $45.25M | 3.236M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8578 | $13.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.97 | 5507 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6917 | 13.950 |
1 | 6235 | 13.940 |
1 | 2023 | 13.930 |
2 | 1006 | 13.920 |
1 | 10000 | 13.900 |
Price($) | Vol. | No. |
---|---|---|
13.990 | 16088 | 1 |
14.000 | 4102 | 1 |
14.020 | 3000 | 1 |
14.040 | 4102 | 1 |
14.050 | 5510 | 2 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
Featured News
NST (ASX) Chart |