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The Reserve Bank just decided to hold rates at 3.75% here in Australia today which is great for our gold sector. The AUD gold price is up $10 to $1252 on a 1c drop in the AUD. My view yesterday on where our gold sector is set out below – this is an update paragraph to bring this article into current time.

We should also note that the World Gold Council said that suggestions of a gold price bubble…..

It’s also why, when the Mania phase gets underway, we’ll be selling…

China reduced the number of gold producers but its total production continued to grow…..

The president has proposed a freeze on some domestic spending, but the freeze will impact only a small portion of the budget, would not kick in until next year, and would include a mix of spending cuts and spending increases. It would have zero impact on the 2010 deficit and little impact on future deficits.

But for the purposes of this discussion, we are talking about inflation in the real economy, not the paper economy. The link can be very tenuous at times, but the real economy…..

So in a perfect trading scenario, the dollar will continue to climb for a few more days to reach resistance and in return that will push gold and silver down for a few more days…..

There has also been an observable link between the gold price and the FXI in recent years. Divergences between these two asset prices have often preceded strength or weakness for….

Today’s gold market is significantly different from the gold market of the 1970s for two reasons……

We continue to hold our core positions, fully hedged, locking in profits while waiting for the completion of this correction…..