High USD:
- Lowers price of gold.
- Lowers AISC
- Causes debt in USD to be more expensive.
Basically you can break up the world into different categories. Preferable Europe performs poorly (Greece Defaults), causes lots of banks/institutions and people to turn to gold.
You want Asia to do well, as they are the biggest buyers of commodities including gold.
You would want Brazil to do poorly in order to drop their currency and make exporters more competitive.
A gold price of $1,200 and BRL to USD of 3.20 would make the company quite profitable, assuming that they can dig up as much ore as possible in the next few quarters.
BDR Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
