The aussie gold price had stayed firm and coiled tighter this last little while. The gold stocks seem to have got a bit of a bounce today as well. Anyone thinking it might finally start to break higher here? Depends on whether aussie dollar itself starts to rally again though I guess.
At $1415, the AUD is still ~ $15 over its trading centre at $1400. So I'd say it's marginally (~1%) overvalued at this time.
True, but I keep looking at that little run of higher lows. Just thinking the aussie dollar might keep trending slightly lower now risk trades are supposed be off with the correction. either that or the PMs will start to break higher soon.
