aud gold is going up - strong buy
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.
but oil too is constructive at an AUD level
- Forums
- Commodities
- GOLD
- The state of gold
The state of gold, page-1379
-
- There are more pages in this discussion • 377 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online