The moment Aussie gold producers are waiting for. The correction in the overbought Aussie dollar has begun thanks to Trump initiating trade war with Asian exporters, that will indirectly affect our commodities exports and currency.
The weakness in the Aussie dollar will increase profit margins for Aussie producers.
Gold is up despite the sage of government shutdow has resolved and this is telling me that the upward momentum to $1425 is maintained.
OGC looking good for 3.70 soon and $4 by end of February.
OGC is looking great.
Cheers, Sydney
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