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"Have We Reached The Breaking Point?", page-76

  1. timber1956
    7,424 Posts.
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    13/09/15
    13:32
    Post #: 15982970
    "Aussie goldbugs bang on about what a great deal gold is in AUD."

    The long AUD denominated gold trade can be broken into two components:
    1. Long USD-Short AUD
    2. Long USD gold.
    Over the last 12 months they would have been better off doing the first leg and forgetting the second.
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    lightbulb Created with Sketch.  Great analysis
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