the aussie dollar gold price .., page-12

"as I have been saying till Im horse (nahh) the AUD price is the only one that matters "


For ASX gold equity investors, this statement is not really true anymore, or at least the trend is away from it.

I recently read (forget the source) that for the first time now more ASX gold production occurs overseas than what is sourced here in Australia.

So one needs to consider the gold price and production costs in local currency terms where the miner is operating.

For example, there are producers whose costs are closely aligned with devaluing USD receiving increasing $US gold prices, and therefore widening profit margins. E.g. CGX never mentioned on this forum when gold stocks are discussed, but which reached a new all-time high Friday.

My mantra is keep doing your fundamental research and sieze opportunities when they arise. As SP says, no guts no glory!

Rowingboat