what does eveyone think ??, page-3

bendigo...

I mentioned this the other day.

The markets seem fixated on the US$ gold price and often pay little if any attention to the AUD$ gold price.

This is odd considering we have so many local producers...with both costs and incomes in AUD$.

A really strange phenomenon is when our gold stocks surge due to a rise in the US$ gold prices in spite of a fall in the AUD$ gold price...ad vice versa.

Anyway...the fact we have been in blue-sky territory for some time should not preclude higher prices in AUD$ terms...especially when the US$ gold price is still far from it's all time high.

More upside in my opinion, which is a two-edged sword to some extent...great for our local gold producers...a bit worrying for the world economy.

What is the real driver here...a naturally growing supply/demand scenario, or just downright fear of what might lay ahead?

Cheers!