Could it be ppl around the world noticing the ETF breaking out and the Australian dollar tanking, so they decided its the perfect time to invest into Australia? I mean Australia is doing great in terms of bringing mines online without major issues unlike NMX recently. On top of that Australia is in a safe mining jurisdiction.... along with the exchange rate discount, GXY is certainly looking undervalued to overseas investors.
GXY Price at posting:
$2.12 Sentiment: Buy Disclosure: Held
