has the co-o mill been commissioned?, page-5

I have been patiently playing the waiting game and the recent multi year low was definitely a missed opportunity to add to the position. Even more impressive is the gold daily chart showing all the signs on my checklist that it has indeed reversed trend.

So if I read it carefully, any tapering QE hint next month would mean a rush to the US equity at the expense of emerging markets. Oz bourse being a large proportion foreign owned would logically see capital outflow by the fact that our markets have performed very well so far which reads profit taking motivated by a falling AUDUSD.

If this logic applies, how is it that gold is making a comeback? Unwinding of shorts or a genuine bullish rally?