RE: Gold WAY Up!This is my take : Eld is down because the gold that Eld produces is denominated in $U.S. Given that the $Can.
is up against the $U.S., then the U.S. dollars that Eld gets have to be converted into fewer $Can. Unless Eld hedges its exchange, then gold has to rise more than the $Can. for the company to benefit. In the past 12 months, gold has hardly budged in terms of the Canadian dollar, given today's exchange rate.