gold stocks hammered, page-9

folks go back to 2004 Gold was at 400 , LGL was at 1.80, USD vs AUD 0.61c and oil was $25.

wind forward 2008 golds at 900, but AUD's over 90 as is oil

allot of folk here look at the gold price in USD as if they are US citizens

if we get any further deterioration is USD then AUD could catch gold as hedge against a declining USD

if u priced LGL in USD (like its gold product) then you need to take 30% (roughly off the current price)