The gold price closed at $743/oz in NY on Friday, taking it to a new 27 year high, and confirming a break above the previous high set in May'06. Looking at the cross-currency rates, its apparent that gold is rising partly on the basis of fundamentals and partly because of a weak $US.
There are no so many gold stocks listed in NZ, so take a look at the ASX, as ASX-listed stocks have interests all around the world. See my blogs at
www.sheldonthinks.com for more details on the significance of the breakout and the best entries into the market.