Quote from the London-based MineSite.com:
"A month ago, when gold was priced at US$636 an ounce the Australian gold price was A$826/oz, using the exchange rate in early March of US77c to the $A1. On Thursday, when gold closed in London at US$673.50 there was reason to celebrate a gain over the four weeks of US37.50/oz [5.9%]. But, downunder this was not the case, because the exchange rate has risen to US81.2 cents the gold price in Australian dollars was A$829, a gain of just A$3/oz [0.4%]."
Guess what strongly influences the Reserve Bank when it sets its exchange rate!
Quote from the London-based MineSite.com:"A month ago, when gold...
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Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1239000 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 13977544 | 24 |
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