Also those following the US gold charts and hoping that gold in USD terms keeps rising and passes the magic $1,000 mark and then sets itself for an even higher move.
you may be hoping for the wrong thing !
This will probably coincide with global commodities oil, base metals etc.. doing well and also rising in USD terms. As we are a commodity based country this will also probably coincide with the AUD strengthening against the USD and heading towards parity... and so the gold price may actually fall towards $1000/oz in AUD terms as the gold price in USD terms rises past the $1000/oz mark.
So we may be wishing for and cheering on the wrong thing.
Once again we should lose the US charts - they are meaningless in my opinion.
