It's the currency I am afraid. As long as people bail out of the USD into AUD and other currencies instead of into gold the whole sector is flat.
Annoying.
Perhaps if you are looking for a place to be when the rally winds down go for companies with a domestic energy exposure - thermal coal rather than oil/coking coal. Or consumer staples. Things that are related to products that are more "gotta ave" rather than "wanna ave"
But the AUD is killing gold at the moment.
LGL Price at posting:
$3.02 Sentiment: None Disclosure: Held
