orbiter, I don't disagree with stating values of things in real...

orbiter, I don't disagree with stating values of things in real terms adjusted for inflation etc. However, I think you're missing the point with Mon. Mon have stated they expect costs to be around the 600 - 700 dollar mark. This is a very high cost yes, based on today's gold price, it leaves little for margin, yes. If Gold is trading at $1500 in June next year though, the cash cost to Mon being 600 - 700 amount (albeit on a fluctuating currency) is a massive lift to their bottom line. I think that may have been the point that was trying to be made. Gold will be influenced heavily by $USD movements, but it isn't 'just' currency that is behind the gold boom. There are many other factors. Eg. Higher Oil prices spur gold, fear spurs gold, the supply demand situation spurs gold, emerging markets are buying more gold than they ever have. The trend for the $USD will be low for a while yet, which forms a base for gold, and 'underpins' the rally. The USD doesn't have to completely collapse for gold to rally on its weakness... you with me? Mind you, the $USD may lose a lot more yet....