Two observations on these charts.....Not drawing any conclusions.
# XGD goes up & down with POG....Most importantly it somehow peaks & bottoms before POG not the other way round.....In other words it is a leading indicator for future movement in POG.
# The traditional wisdom is that POG conforms faithfully to the strength & weakness of USD....But.....Something very strange has been happening since 2018.....Gold is charting its way up in the face of strong USD......This makes it quite "valuable"in non USD currencies.....I don't have a clue why is this drastic deviation in behaviour .....Is it a good or a bad thing? (could it keep going up with a very strong USD or will it revert back to the usual pattern).....Is gold signaling the end of world?
Here is a chart of POG in AUD in the last 10 years.....Looks good (perhaps too good)
Would be nice to see a comparison chart XGD vs POG in AUD.
- Forums
- ASX - By Stock
- XSO
- The Brains Trust - 2020
The Brains Trust - 2020, page-473
-
- There are more pages in this discussion • 2,218 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 XSO (ASX) to my watchlist
|
|||||
Last
2,972.9 |
Change
16.300(0.55%) |
Mkt cap ! n/a |
Open | High | Low |
2,956.6 | 2,984.9 | 2,956.6 |
Featured News
XSO (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online