a$1,000 gold price would shut nst down?, page-12

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.