Acturtle,You are spot on re weakness in USD being THE driving...

Acturtle,

You are spot on re weakness in USD being THE driving factor behind the appreciation in the POG.
The other factor which is a tad worrying in the appreciation of the AUD.
Aussie gold stocks have in my view appreciated because of 1 and a quarter reasons.
The 1 in 1 1/4 is the weakness of the AUD, the substantial gains made by the Aussie goldies (2001 and 2002) were in large part attributable to the above.
The 1/4 which followed is the appreciation of POG in absolute terms and a touch of gold fever.
We are currently in a situation of the 1st phase being slightly discounted as the AUD rises, do not ignore the effects of this on short term prices.
ATM I hold only small amount of Aussie goldies but am cashed up and will have NO hesitation in re-entering shortly when the dust settles.

Miningnut.

Leave B2 alone. She / He seems to call short term movements will a degree of success.
I also agree her presentation is somewhat irritating but we can all live with that if she keeps getting more right than wrong.

Rob.