The last few weeks have been tough for pm stock investors. Most...

The last few weeks have been tough for pm stock investors. Most of the aussie gold miners has quite a substantial fall in prices like close to 30% in a matter of a few weeks and it feels like the bottom have fallen out of the gold price. Yet when we have a look at the weekly chart of the Aussie gold price it tells a different story. But first lets have a look at the weekly chart of nst. We can see that Nst's price has fallen from a high of about $13 to about $10 in a matter of 4 weeks -ouch.


Now let's have a look at the weekly line chart of the Aussie gold price. This is an exciting chart. It has just completed a cup and handle formation with a price target of about $3500. It just need a final confirmation which is when it gives a weekly closing all time high Surely even if the gold price in Usd does not respond the Aussie miners should response when prices rich that lever. This is especially so if the Fed continues to raise interest rates in the net few months which would put a damper to the input cost of the miners.