All 8 are undisputed, point trying to be made is that everybody is trading the AUD POG, whereas all Australian based producer selling is in USD, with their costs in AUD--- and that is being ignored.
It goes without saying that Australian based producers need a certain AUD POG to stay profitable.
Nobody even mentions the daily effect of the USD Index on the daily POG
More a philosophical issue obviously, the trend is your friend until it isn't, if you want to see exactly the opposite occurring with Spot @USD1277/AUD1681 check out the US Producers and Gold indexes.
Fundamentals haven't changed, page-537
-
- There are more pages in this discussion • 349 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NST (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$12.87 |
Change
-0.130(1.00%) |
Mkt cap ! $14.79B | |||
| Open | High | Low | Value | Volume |
| $12.98 | $13.02 | $12.81 | $12.20M | 945.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 4352 | $12.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.88 | 6878 | 21 |
View Market Depth
| Last trade - 13.01pm 01/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |