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australian priced gold to soar?

  1. Bullion Baron
    2,755 Posts.
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    26/05/11
    10:54
    Post #: 8453920
    Thought this post may interest:

    Gold priced in Australian Dollars about to soar?

    While I'm not overly optimistic about the price of Gold stocks over the next several months (at best I think they will track sideways for awhile, with general markets heading lower given end of QE2) I do think that the local price of Gold could be driven higher as the AUD drops against the USD...

    USD$1450 Gold with the AUD at 85c would give us a local price of over $1700.

    We're in for some interesting times the next few months!

    Value at posting: $0.00
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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