XAUAUD
Gold priced in AUD$ dont look that spectacular either, so fits in with my bias that Gold in US$ will see more downside towards $1150 over the coming months, and take with it Gold stocks in the $HUI, so not a great sign IMO for Gold stocks in Australian markets. so aligns nicely with NCM to move lower
This has not even bounced 50% of the prior decline
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- more downside expected
more downside expected, page-14
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Will Souter, CFO
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