POG = $1,361AUD
The AUD getting another shellacking on opening due to very poor Chinese numbers over the weekend. What will fall faster: AUD or POG? My money is on the former due to continual Chinese reform with little to no stimulus which will see the AUD slide to where most can't imagine. Post resource boom AUD mean reversion coming up...
Holding AUD gold stocks might become the meme on the street very soon, those 'dirty' gold stocks could just turn out to be a good place to hide for aussie investors and funds as a synthetic hedge against a falling AUD.
Believe it, or not.
Bus Australian Article, page-43
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