S'parrot, T'targa, Ourlady.
Many thanks for your replies and advice. I do have bullion but as I don't like to lose nearly 6% if I trade it I moved about a third to QAU in the belief that it is backed by physical. I can see now that the hedging against the Aus$ would explain why the QAU chart differs so much from the GOLD chart.
Much Appreciated
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