With Oz gold producers, there is another layer of complexities and that is AUDUSD. You can see G Stevens is "trying" to talk it down but is not having any measured effect. Interest rate will harm either way and that Aussie looks like a reversal back up with the higher low market structure. This is working in direct opposite to the POG/USD so a double whammy there. In addition a rising aussie will attract less overseas investors and I am led to believe that our market is driven largely by overseas entities. From this "fundamental" view, it doesn't give me encouragement to go looking yet besides being "cheap" looking. Fortune favors the brave as they say?
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With Oz gold producers, there is another layer of complexities...
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