XSO 0.17% 3,131.3 s&p/asx small ordinaries

thanks gj and paddingtonjust mulling it all overtricky little...

  1. cha
    5,878 Posts.
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    thanks gj and paddington
    just mulling it all over
    tricky little period here with money flowing into $US as well as commods which i havent seen for awhile but i expect it does nt change the trends we have in place for gold and copper and oil
    also depends on if use a chart which is inflation adjusted
    gold high feb 1980 adjusted for inflation was $2650 - same level we are hitting here - so a little test coming up

    if we do get through and we should then a whole lot of blue sky is waiting for gold

    crude similar path to gold since 2000 - not as obvious cup pattern but similar

    copper similar


    all inverse to US$ over last 20 years but not quite so simple if adjust for inflation


    key for me is rates and US$ under pressure for next year which supports commods over longer term


 
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