A$ decline profitability Tail windAustrailian mining companies have faced the head wind of a strongly rising A$. This increase since 2009 has left the price of Gold in A$ virtually flat until late July 2011, even as gold soared to new highs in the US$. This has had a negative impact on their profitiability. The decline in the A$ should now provide a tailwind for rising profitability for Australian mining companies. I think they will start reporting much better numbers going forward......