new presentation, page-35

OV

I guess it depends on how much Gold a producer sells in Australia and if they trade in Australian dollars at all. Personally I think being an Australian miner would be a drag with the costs of production in Australia. Right now the U.S. dollar is falling which makes our currency stronger which would not be good for Australian miners either.
As for the AUD being week. Well its still at around 89.25.
Our banks are doing very well and I don't think the AUD is going to drop much more. Maybe to around 87c in the USD. But I cant see it going much lower or staying there for long.
If you read the BS in the US MSM you may think that the AUD has completely collapsed because apart from trying to smash China they are not generous when it comes to Australia either. The Australian/US MSM is no better when it comes to attacking the Australian economy.