Bear market rally tonight, page-7

the average price of gold for the past 20 years is about $350/ounce. Its only been pushed down to $250 by short speculators.

So its pretty clear that gold is getting back to its long term average which for most aussie gold juniors who have decent reserves, will be just awesome from a cashflow point of view in the coming years.

From what I read, if gold gets above $330/ounce, that is where the fireworks begin because of the huge short position and build up in derivatives trading that has occured over the years.

I guess the next couple of years will be interesting to say the least if you believe the world gold council.

skippa