To the first post, as I mentioned before the reason the XGD gets hammered on days like this is because there is a huge amount of foreign money in our market. I would like to know how much, but I guess it's about 60%-70% of total market cap. If the AUD falls like it did over night, then priced in USD those stocks are in the red and they get sold. This has happened time and time again and is the reason why I dont care for the miners and less so for the fundamentals.
Gold stocks are cheap when the AUD is low <60c US and the market is bottoming. If we are heading into GFC2.0 now, you will want to get into GOLD and loose all the miners as they will go down while the metal will go above $1500 AUD no problem at all.
-C
To the first post, as I mentioned before the reason the XGD gets...
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