Nothing has Changed, page-21

never are they going to be able to pick perfect highs and perfect lows.. its the trend.. if they have committed to a thesis that the trend is up, then really they should remain largley unhedged, perhaps they can hgave triggers to enter hedge if it breaks a trendline the didnt foresee, or if it were close to a level that comprimised profitability.
They have stated their belief is that gold is now in uptrend (contango).. and I personally agree with that view, unless they see technical damage to that view then why hedge?

If the DXY heads into a major downtrend once the fed changes direction of QT back to QE gold will rocket in USD terms but not necessarily as strongly in AUD terms.. however the AUD will be rising so our equities will be in vogue and opur PE ratio will improve off the back of that rather than the linear following of PoG in AUD

I noticed in the last few months the AUD outperformed other basket currencies of the DXY, prior to the start of the correction / bear market
DXY candlestick and USD/AUD line, green arrow showing outperformance of AUD v basket

I can also see an elliott wave pattern there without intending to be specific on the timeline or strenght of the forecast waves

anyway.. i believe the AUD ordinarily should be shitting itself with the prospect fo global recesssion.. so why not?
(a) we have a suddent upsurge in international tourism (i dont think so)
(b) we have a rotation into commodities occurring as backed up by NAIF and now the USA creating a fund to support western sources resources funding.

I personally believe Australia is primed to be on the receiving ebd of a commodity boom for EV metals and PMs for the rest of the decade to diversify from the out of favour naughty kids.. china and russia