Hey SP, I am definatly talking about the metal. I pretty much assume that's the main topic here, otherwise we always got LGL, DOM, NCM and so on... I hold the metal, I hold the ETF, and that's where my sentiment comes from. I personally thought GOLD would outrun the AUD at this time. Not giving up hope, just noting the AUD/GOLD relationship as posted above.
To me, I think equities are expensive now, I think given a big enough selloff XGD would once again get hit, so holding those makes me too nervous, I hold the metal and ETF, for me that seems less risky.