I don't like what I am seeing.
At present numerous Aussie gold stocks in pre open are in the red, despite a rise in the Aussie dollar price of gold of nearly $70. Imagine how HUI gold stocks would have done with a US$70 rise!
Overseas gold shares are rising.
The HUI and TSX gold indices both rose strongly again last night.
On top of that the Australian dollar is weakening against the US dollar.
Has something devious been engineered so US gold miners can mop up the best of our massively undervalued gold miners using their comparatively inflated, rising scrip prices which is accentuated by the recent strength of the US dollar against the Aussie dollar?
another conspiracy theory? ...
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