Agree. However it takes time for a speculative bubble to form. It's happening right now in bullion, and should comex not be able to deliver physical gold then the price should spike. I'd expect a stable market in the coming weeks and it could be a good opportunity for gold stocks to rally.
The AUD is going to die big time. Being a proxy for resources we are now witnessing the biggest mining crash ever. It's only just started!
Watch out for consolidation by the big boys.
Gold at $1500 and the AUD at 50c should spur some interest in direct gold stocks... especially if those price levels are maintained. Even if current prices are maintained the Aussie listed goldies should rally.
Agree. However it takes time for a speculative bubble to form....
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