given the large speculative position that had built up in the AUD over the last 6 months it is not beyond the realms that near term the AUD trades in a 7950 - 8050 range - agree this will be good for all our exporters particularly the goldies. Is the sell AUD buy Euro trade on???
If the AUD dows trade down another 5% or so over the next few weeks I wouldn't discount an eleventh hour bid by a big north american player for LGL.....
The current flush oput in USd gold is healthy for the market and nothing has changed fundamentally - we are on target for $1300 - $1350 USD gold by the end of the year
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