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US$XAU / $Gold US Gold Futures Diverging, Due To S

  1. Lochend15M

    1,427 Posts.

    This $Gold/ $XAU index divergence may be of interest to the gold fraternity, with potential flow on effects on the POG:

    Newmount Mining is suffering in the States, after one of the severe audits North American companies are now receiving there, and is restating earnings, as are others, pushing down the US $XAU index.. This is causing perhaps, some of the temporary uncertainty with gold, with related US stocks suffering.

    Here is the stronger $GOLD COMEX Futures chart, however which continues to do better being orientated more to the physical. It should update automatically for the next few weeks:


    and a current somewhat less bullish Philadelphia Index $XAU, chart, relating more to US gold stock prices naturally , many of which I believe are receiving stiff audits just know :


    comment appreciated.

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