GOLD EFT can work very well as a hedge when markets are in trouble due to being leveraged in AUD. Traditional flight to safety = sell AUD buy GOLD. This acts as a double impetuous for GOLD EFT to rise. I imagine it will be a good way to go for a little while....
2 year chart showing GOLD EFT vs XAO
keeping 38traders chestnuts warm thursday, page-84
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Last
8,183.1 |
Change
-16.400(0.20%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,199.5 | 8,231.0 | 8,150.1 |
| XJO (ASX) Chart |