some food for thought... i think the XJO will go higher in that...

some food for thought... i think the XJO will go higher in that spirit of rotation... i guess its all down to relative interest rates.. Trumpty Dumpty has previously stated he wants a weaker dollar. There is so much market interference that its hard to really know how things will play out

we are about 1cent away from testing a 13 year downtrend in the AUD.. if we break out, i think this will be strongly positive to our market, particularly to commodity stocks, but probably most sectors would benefit if capital flows start going this way


AUDUSD




there is a significant correlation of currency to the aussie gold miners to aussie gold ratio, the XGD is also in uptrend




here is an amateur attemt at putting an EW count on the XGD