GOLD 0.51% $1,391.7 gold futures

all that matters is aud price - its up $20 aud

  1. 4,388 Posts.
    as long as you are a physical holder or buyer of oz gold miners (in oz) then the POG must be thought of in terms of AUD.

    Many have covered this topic before citing a correlation between stock prices here in Oz and US POG, but that relationship will not last. Soon the investor public will ignore the POG in USD as we begin to vcalue our projecxts in what matters AUD.

    POG in AUD lept up in last 24 hrs. Up $20 overnight on top of a $10 rise earlier. Nice move!

    Good for equities today? Maybe maynbe not, but in the long term yes.

    GC
 
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