True that the rising AUD will offset increases in gold price providing they are moving in proportion. Also true that we Australia is looked upon as a primary source of gold and rising gold price is positive for AUD. I am not sure if gold has such a profound effect on the AUD as in the past. LHG might be a good offshore option, it is likely a US dollar operation being on an isolated island. with some spending in local currency. dont quote me on that one. I am holding LHG on a tech signal to buy at 110. The chart looks great.
