gold price may be falling in US $ but the interesting thing is that with the stampede to the US $, the POG in AUS $ is looking good
in fact anything sold in US $ and reported in AUS $ is looking better and better .. the chart of POG in AUS $ still looks like a long term up trend to me ?
On the flipside, everything that has to use AUS $ to import materials, fuel, food, anything whatsoever, are screwed, unless they are hedged.
massive disconnect underway and that means opportunity.. just depends which way one decides to play it
The longer the Ukraine conflict goes, despite all the pain and suffering this brings about, it will drive the AUS $ lower and lower, which ironically is one of the main objectives of the RBA and one that is not spoken about much anymore.. on balance a low $ drives export activity and makes us competitive
A strong US $ is good for AUS and bad for the USA but they simply cannot print any more money.. tightening is the only option
Aussie gold miners look value on this basis but there is no doubt that volatility is the new normal
