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  1. Von Rico
    4,783 Posts.
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    21/08/21
    09:57
    Post #: 55462488
    China news has caused commodity related currencies such as AUD to fall.

    This is good for the Gold price in AUD. The 30 day price in $US is getting better following the recent flash crash in gold but still marginally down .

    But in AUD the 30 day price is higher. Note the big disparity in currencies over the past week.

    Blue line is AUD red line is US.

    https://hotcopper.com.au/data/attachments/3494/3494269-dc563e9f007e2a179f77bd2585fa5ca8.jpg







    Last edited by Von Rico: 21/08/21
    GBR Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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