The Aussie Dollar and Bullion

Most would have woken this morning to a decline in gold and silver prices.  Most of that came from our dollar strengthening on the back of slightly better than expected Australian GDP figures yesterday.  But despite this increase most commentators are predicting the AUD to fall, ANZ just yesterday predicting 88c by the end of this year.  So if you bought gold and silver bullion today at 91.7c, a fall to 88c would leverage any gain in the US denominated Spot price by over 4.2%.  You could think of it as a turbo charger on the V8 fundamentals behind gold and silver.