Before any potential price drop today makes investors panic...

Before any potential price drop today makes investors panic again..

AUD has now recovered to 2019 levels again.
If that holds at these levels it should stop putting pressure on the POG. The AU POG has slid down to under $2500 as a result (Feb 2020 levels).
Don't forget that gold miners have hedged their prices anyway, so their planned profit targets remain intact.

If the AUD continues to climb, it will keep pushing that AU POG further down.

POG itself has remained stable trading between $1680-$1780 over the last month (depending on the mood).

Gold bounced off $1694 last night
Last week it bounced off a lower $1684.
It doesn't seem to be getting lower.

Maybe a good opportunity to top up again or to get in if you're not holding anything.
Depending where it finds support.
I'm seeing $14.07 as the first support line.
But could drop under that.

NST should produce a significantly improved quarter based on gold production & reduced costs, compared to last month (I'm expecting it to beat December 19 quarter).
Thats what I'm invested in, not just a fluctuating POG