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We're not Yanks and we should be giving priority to
the POG in AUD and what that is likely to do for
ASX listed goldminers and investors.
Over the weekend the POG in AUD is $1651.
If the RBA reduces interest rates by Easter and if
the POG in USD hits $1400 we will likely see
the POG in AUD hit $2000.
($aud = 70c US)
While there are still some headwinds for gold,
the current Greek debacle, EZ recession and
Russian sanctions' fallout and the creeping Chinese
challenge to the $USD as the reserve currency are likely to edge
the POG upwards at least in the shorter term, IMO.
mm
