We have hit new all tine highs in both aud and usd for gold prices yet the gold stocks have not responded as well as one has hope for. Maybe the disconnect is caused by the fact that cash flow for most gold stocks has not been growing though gold prices has gone up because of inflation and possibility bad management. Or it may be caused by years of disappointment in precious metal investment as compared to the general stock market.
Whatever the reason here are the charts for gold in aud and usd as well as xgd.
