In the USA they may be celebrating the US$1,000/oz barrier but should we be celebrating in Australia ?
The gold price hasn't moved up in AUD/oz yet - I want to see the gold price back to its February?March high level of AUD$1500/oz and to sustain it this time.
We might get back up to AUD$1500/oz once more when gold drops to US$850/oz again.
So I don't see the point in celebrating anything - when all we are seeing is a weak USD.