attached is the xgd monthly chart in log format. Since the time this thread was started in may 2023 we can see the Aussie gold stocks has been going higher and higher and it has picked up pace in the last year or so and going parabolic even in the log based chart. Anyone who have invested in most gold stocks since 2003 would be a very happy chappy by now.
The aud monthly log gold chart is also going parabolic
And lastly is the monthly ratio chart of the xgd to xauaud. A rising ratio means xgd is outperforming the xauaud and vice versa.
This chart shows the xauaud has been out performing xgd for a long time which means holding gold in aud is way better than holding gold stocks.
However that looks to be changing with a base forming and likely xgd would outperform xauaud at least in the near term
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