Cluster you have posted a chart which history tells us is not particulatly relevant to the sentiment for Australian gold equities.
As we should all know and should have all experienced the US dollar gold price is the main driver of market sentiment for Australian gold equities.
Pity of course for those in the ETF Gold.ASX if Australian gold equities are rising based on a rising US dollar gold price during a time when the AUD gold price is flat and so of course then will be the ETF Gold.ASX.
But I tell you this for nothing. I wouldn't want to be invested in the ETF Gold.ASX or any other ETF if the splat hits the fan should any leading US Gold ETF managed by a Gold Cartel institution turn out to be a paper ponzi scheme used to suppress the gold price.
