It's a confluence of events, all these things are coming together to create further concern in the market. We'd expect oil to continue to rise and breach the old high of $70.85 over the next quarter. |
It's becoming a broader story than first thought. |
Japan's basically a tale of two economies. |
Most of the rise in 2005 was in the final quarter of last year, where the gold price hit 17-year highs. We think it might get to $US650 this year. |
Should they lose all that in the absence of finding another market for that wheat, you'd expect earnings to be impacted. |
We would not be surprised if gold advanced beyond $600 a ounce during 2006. |
When farmers own 70 per cent of the company, a government decision that reduces their income is not going to go down too well. |
Within the next few years we believe the gold price will surpass the all-time high of $US850 an ounce. |
You've got U.S. senators involved, you've got questions about how much the Australian government knew, and I think when it gets to those sorts of levels it spooks investors quite a bit. |