Collapse in AUD is the operative word, international investors...

Collapse in AUD is the operative word, international investors are bailing out of our market in droves. You would too, if the lure of yield on your holdings is getting absolutely killed by a plummeting currency, which right now, it is. It is the SPEED of the decline that is the problem short-term. When this is fully flushed out, the resource stocks and related mining service stocks will rise, no doubt. MGX, the goldies and other IO stocks in the meantime are copping it and will do so for a little while yet. (although interestingly some Au stocks are higher than they were in May when USD gold was considerably higher for a time, now AUD gold is higher, is helping Au may soon help IO, too). However, great long-term value is cropping up, but disinflation or outright deflation, as still occurring, especially in Japan even with massive QE there is very worrisome.