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27/03/15
10:34
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Originally posted by rus1975
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I copied this post from the Gold thread......Sounds like many other people think Aud gold is going up.....
"aud gold is going up - strong buy
i can understand shorting USD gold if you're in that trade above $1300USD - technically the medium term trend is lower but oversold and very close to 50/200 MACD driving another $us50 pop as last Nov - after which a FED rate hike would drive it lower.
But AUD gold will rise regardless - esp if we cut rates here.
profitable AUD gold producers are an oustanding value buy here - rising earnings, exceptionally low valuations, and generally with susbtantial potential to increase output if aud gold rises further.
far cheaper corporate valuations than oil on a p/e basis.
but oil too is constructive at an AUD level"
if Norton provides a good cash flow I expect IK to increase production to generate as much cash as possible to get our other gold projects up and running....
Dyor
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Maybe IK is waiting for the Resrerve Bank's next rate cut to sink the $AuD and put a spike into the $AuD/Gold price before he announces to the market what has been achieved at Norton with the cr money.