That is correct Fred.
Much remains to still be seen as the US dollar gains strength (I'm following this with interest) — not entirely unexpected. The Australian dollar like a few other currencies, is influenced is by Asian economic performance — especially China; there is weak economic data coming out of China at the moment (marked slowdown in electricity production is a key indice of China's industrial performance) so the AUD is falling while the US dollar is rising, the yen is falling... you get the picture — lots of selling off going on across currencies. All this could influence future prices, but not in the immediate term.
In any event, I shoot film that I like, regardless of cost, which means I'm supporting all the major players (and some of the minor ones). I suppose eventually I'll get priced out, but as that's not the case at the moment, I'll shoot what I want while I still can.
Edit: Actually, I shouldn't say that! My yearly salary has dropped nearly $10,000 over the last year due to the weakening of the yen. I keep holding out on sending money home, but I have the feeling the exchange rate is only going to get worse as time goes on (although maybe it would encourage others to visit here!).
Silver is down to 65% of the price it was September last year, you would hope that some of that would filter down, mind you, it is priced in dollars, that complicates things.