marc faber says $3600 an ounce lol, page-57

re: marc faber says $3600 an ounce lol There has been some concern in the US that gold stocks are not performing as well as physical gold, therefore the gold rally is not confirmed.
However it's interesting to note that HUI stocks quoted in USD's have had to contend with a very strong USD.
If you bought these same stocks a few months ago with Euro or Yen, you would be sitting on a good profit after converting back to to those currencies.
Soon the USD interest rate raising cycle will end, thus removing support for the dollar, and leading to a USD appreciation in US gold stocks imo.
Here in OZ, OXR and LHG have appreciated significantly which supports the gold rally theory here.