GOLD 0.51% $1,391.7 gold futures

this is my opinion -Gold is allowed to periodically correct...

  1. 2,739 Posts.
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    this is my opinion -

    Gold is allowed to periodically correct somewhat.

    But the USD is strengthening and making it appear like gold/oil is collapsing.

    We should be looking at gold and oil prices in terms of the Euro and AUD to see if there indded is a collapse - imminent or otherwise.

    As long as gold remains above AUD $900/oz no harm done and certainly no collapse.

    If you pick gold stocks whose cash costs are under AUD$400/oz and total costs are under $600/oz - you should be right.

    An AUD$300/oz plus profit is not to be sneezed at.



 
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