Turning point?, page-9

For those who are interested, AGO is suffering the same fate as all spec and commodity stocks on the ASX.
There is a flight to safety with XHJ and XUJ being the only current survivors. XTJ would probably be OK if TPM didn't crash and burn.
Foreign investors, probably exclusively $US denominated investors, are abandoning the Aussie market.
I anticipate a significant fall in the $A, which should make local investors in commodity producers very happy in the near term.
Watch the $A.
Snap up the odd debt-free bargain.
Gold producers tied to VE are being hit particularly hard today. There is value out there given the potential price of gold.
Keep in mind the US debt ceiling, EU elections, DPRK tensions.
It is also worth looking at the Baltic Dry Index. AGO mentioned higher shipping costs. The BDI is at it's highest since Nov, 2014 suggesting a major uptick in world trade, supported by China's recent GDP figures.
Opportunities in producers will present.