Tony999 continues to see gold in USD terms - and that's okay as he doesn't invest in it.
But we small investors in gold continue to see gold and focus and worry about what the price of gold does in US terms - and that's inexcusable.
It'll be interesting to see how the price of gold behaves in AUD terms when the market crashes again - as i expect it to before the years end.
Did we all notice what happened last time ?
let's go back and look at some Aussie charts..
Last time the market crashed around March and the USD was strong - the gold price in AUD terms passed $1400/oz and reached its highest level.
It wasn't doing all that much in USD terms - but who cares we're in Australia !!
this can't be emphasised enough !
We all need to lose the yanky shades(they dont suit us anyway) and put on some cool Aussie sunnies - and start seeing gold in AUD terms to see what is actually happening.
We need to start drawing Aussie gold charts - that's what Aussies in the know are following, the real gold bugs - that's why everyone here cant be considered a real gold bug or bull or bear - the real players are busy following the real action in AUD terms while we continue to debate the gold price in USD.
Gold should do very well in Australia again in the next crash - let's just forget the USD charts and start seeing things clearly.
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- aussie charts from now on please
aussie charts from now on please
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