any ideas why our goldies are all still getting slapped around, while gold has come off the bottom 1180 ? now 1250 or so?
The market doesnt want to rally a bounce in the goldies? doesnt believe it will last?
Does the market think its a dead cat bounce on gold, and we are headed lower? hence avoid.?
Or is it more possibly that we just have US funds still undwinding their AU positions on the falling currency.
(a 1% fall on the AUD is just the same as the stocks falling 1% if you are an o.s fund.)
Or is it the market waking up to some of the AISC and down grades of profits.?
Some of our goldies are smacked down worse than they were the last time gold hit its 1180 lows.
