there are lots of gold stocks rallied lately despite pooring gold price, maybe something to do with au dollars.
if gold spot price is $1550 with 1.05 exchange rate, that equals 1476 our dollar, now the gold price is around $1400 with 0.98 exchange rate, that equals 1428 our dollar, not much difference.
and it seems like the up trend for au dollar has turned, 0.98 maybe still high, still remembering sub 0.8 in 2008, while the gold price seems to set the bottom at around 1400.
just imagine, au dollar go down another 10%, we dont need gold price to be 1800 to shine!!!
there are lots of gold stocks rallied lately despite pooring...
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