Agreed. Gold has meant to fly since 2008. There are big forces keeping it down. So, I agree. Who is to know, up or down, and when. One does expect both gold and silver to rise just to catch up with other metals and commodities.
People sometimes do not realize that we will pay dividends and report in Australian dollars and so the exchange rate with the USD is as important as the actual gold price.
Gold can increase to from $2,025 to $2,250 and the exchange rate from $1.52 to $1.3 and we will be AUD $150 worse off an ounce.
AUD $3080 per ounce is a good price. I hope to see this go higher but, there is a natural hedge.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-70
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