A couple months ago a posted a reversal of the long term down trend in the mid to high 70's, it may or may not come to fruition but this 80c seems to be holding some good support, if we can hold it till the end of today (sell in may and go away) then in my own mind I'll be happy to say we have found the long term down trend support.
RBC Capital market graph says all the small and mid tier AU miners will benefit greatly from the lower AU dollar, @ AU85c AGO's profit is raised by a huge 50% that's massive
On the USD126.00 standard fines at an average AU1.03 compared to today's AU96c the average is a pretty healthy AU$9.00 wmt difference, That's massive, Good luck to all!
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