i can understand shorting USD gold if you're in that trade above $1300USD - technically the medium term trend is lower but oversold and very close to 50/200 MACD driving another $us50 pop as last Nov - after which a FED rate hike would drive it lower.
But AUD gold will rise regardless - esp if we cut rates here.
profitable AUD gold producers are an oustanding value buy here - rising earnings, exceptionally low valuations, and generally with susbtantial potential to increase output if aud gold rises further.
far cheaper corporate valuations than oil on a p/e basis.
