NXM nexus minerals limited
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Yes a Strengthening US dollar can be Good for Quality Aus. Gold...

  1. Cha Cha Charlie
    322 Posts.
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    23/11/21
    08:48
    Post #: 57771216
    Yes a Strengthening US dollar can be Good for Quality Aus. Gold Stocks.
    The US$$$ Price of Gold can Drop but stay relatively the same or even Go Up when calculating the price in Aussie $$$
    The Problem can be that the Gold Sector becomes Unloved / Money Doesn’t Pour into the Sector from Large Investors around the World who are not benefitting from the Aus.$$$ Exchange Rate.
    Aussie Investors however can sit Pretty in their Safe Haven waiting for the Herd to Jump on board again IMO
    NXM Price at posting: 53.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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