-
Share
2,739 Posts.
2
03/09/08
15:37
Share
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.
-