Nice work Nords.
I'm not much of a chartist, however, I'm in the camp that looks for correlations between JPYUSD forex pair. It's amazing how close gold correlates to this. I'm sure that the AUD has a "soft" pegging to the JPY and therefore the POG in AUD terms is incredibly stable. There's no doubt that a weak USD trend (possibly changing now) looks good for Aussie gold stocks even if they're no better off in POG terms.
Rick Rule was very glowing in his comments about Aussie gold stocks recently.
http://www.kereport.com/wp-content/uploads/1010-1-1.mp3
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- SLR - Chart Discussion- 11 October
Nice work Nords. I'm not much of a chartist, however, I'm in the...
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