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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Enigma who wrote (94895)5/6/2003 10:14:25 PM
From: goldsheet  Read Replies (1) | Respond to of 116753
 
> Assumes a static POG?

No, recognizes a declining price of gold.
Gold peaked in December 2001 in rand (3750R)
and has been declining since.
Margins are under pressure.

Gold is down 20% from its 2003 $US peak (380/342)
Down closer to 20% in $C (580/480)
and down almost 25% in R (3200/2500)
Currencies are much more dynamic than gold, at the moment.