gold currently @ us$1230.50

After dropping to around US$1221 the last couple of days, it looks asthough the US economy is headed for another dip in their GDP this quarter/next quarter and I don't think Australia will 'weather the storm' this time with any help from another stimulus package, that would drive us deeper into debt and achieve very little(just a whole lot of hype). The price of gold though, looks set for another leg up when that happens because we all know where people go when their stocks are getting hammered. As for Gryphon, they seem to be lead by good management and thought it well with their latest acquisition IMO. Time will tell