Gold and Miner Cycle update — 2 Comments

  1. Like watching paint dry today in AUS!

    USD sitting on the 50 MA and gold the 10 MA each wedging to a decision soon I am hoping.

    ASX 200 Materials up another 0.5%

    Gold miners steady – I added to some positions today as I also expect gold & the miners to move higher as the USD falls.

    Australian miners tend to follow gold rather than the GDX with the AUD a proxy for commodities.

    BHP, RIO and OZL down sharply as copper dropped again signalling a move into it’s ICL

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