The irony of gold going up, AUD is heavily linked to industrial metals so Aussie goldies seem to be the baby that get's thrown out with the bath water. We will see a recovery when the AUD has found support IMO. The XGD has gone into minor corrective in ABCDE 5 wave sideways imo before the next leg up. I'm expecting to see a round of temporary bargain hunting real soon. Fingers on the triggers :) I bet JP Morgan indiscrimintely dumped 10% of many their holdings to play this currency trade.
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