gold etf in the event of a 87 style crash, page-8

Orlando this is not financial advise, just my thoughts. It seesm to me that GOLD.asx has done very well recently due to the fall in the AUD, while gold shares have massively underperformed. My feelings are that once this bounce in the US has finished (when or at what price I have no idea) then gold in AUD will not do as well as it has just recently. With such a huge underperformance of gold shares there has to come a time soon when it is their turn to outperform and I wonder if that may begin after either the next quarterly's due later this months or after the following ones and yearly reports in Jan/Feb. Either way with profits they must be making all we need is equity markets to settle and I think gold shares will ahve to rise simply by result of the profit margins they will be receiving.

As for GOLD.asx if there is weakness in the USD and therefore a rise in USD Gold, the rise will be muted by the AUD strength. That said if equity markets continue to tank GOLD.asx is no doubt a less risky proposition than the shares. Hope that helps.