are us banks shorting ozzie goldies - (boa), page-70

Bozzie

Thanks for your analysis.

I have been saying all along (and nobody seems to agree with me) that gold shares have been a momentum play for most investors based on sentiment around the general stock market- and more specifically, the Australian resources index

I just had a look at how the ASX 200 resources index (XJR) has performed since mid Decebmber 2010 and guess what: it is down 0.6%, matching the performance of the gold index during that same period.

Right now, the resources index is being hammered because of the rising AUD. So Gold stocks are being hammered too.

Means there are some great buying opportunities, because fundamentally, gold stock values should be rising.