Hi Colinchi Goldprice, in AUD have actually gone down (about AUD10 down from day's highs)notwithstanding the US goldprice having gone up by about USD11 in the same time. Unless government does something to keep value of AUD down (to date it failed dismally to achieve this) companies like SAR will continue to struggle. We truly need a 50 basis point drop in interest rates to assist OZ companies who does not hold foreign gold or other resource assets.
SAR Price at posting:
39.9¢ Sentiment: Hold Disclosure: Held
