AUD getting slammed by LON Traders, POGAUD 1700 here now, page-4

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    Ivan - No, sadly, you've not addressed the paradox I raised for gold longs. I'll restate it again tomorrow ...or now...(tho I have earlier, to no response). My own experience is that that a falling USD benefits USD denominated commodities (Gold, Oil) leading to last week's surge in both, as it makes it cheaper for buyers in other countries. OTOH, folks (here) look favorably upon a falling AUD (hence, higher USD) as increasing the sale price of gold for domestic producers (which is what we are seeing at this moment as the AUD falls)...but this violates the rule above. Hence the paradox.
    So what is the balance?
    My own feeling is that the falling USD triumphs over the (constantly) falling AUD - and rising USD. But I'd like to start a discussion.
    A I write the AUD is falling (a bit), and POGAUD rising....but I think this is petty Shiite compare to dramatic falls in USD as we saw last week, partially responsible for the huge surge in both Oil and Gold Prices.


 
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