It is a bit of both, but I am concerned with the way the USD POG and AUD POG are trending. I am hoping that there is more weakness in the AUD to offset the stronger USD and falling USD POG. I think the AUD should be under 73 cents now to the rising USD, but its still 73.63 USD cents.
I am not wedded to WGX. Cookie has to serve me up with the right meal, and depending on circumstances (mostly AISC/AUD POG trends) I will be happy or dissatisfied.
I do not expect any bounce in the USD POG until next week. Goldies may get a bashing tomorrow both here and in the North America - something to do with monthly Comex options expiration day for gold contracts occurring on Friday, I believe.
loki
WGX Price at posting:
$1.73 Sentiment: None Disclosure: Held
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