Golds been lookin alright all month. In US dollars at least.
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Rose-tinted glasses are pretty much a necessity for this one eh Strat?
In real terms over the 6 months covered by the chart, Gold has fallen.
Over the same period, the AllOrds Index has risen from 4356 to 4925.
Hi Phaedrus.
Perhaps that should be green(back) tinted glasses :p. Thats the thing eh?. Every means of measure has a moving base. Its clear that in Aussie dollars its gone nowhere but the Aussie dollar is a moving base too. The big question is how do we define real terms?:confused:
I guess that for me it means a currency other than the weak and falling US dollar, preferably one that I have some use for. Ideally this would be Aussie dollars because this is where I have been making the most money lately and if something else like gold is a better investment than ASX stocks then I want to know about it and be into it. To enable fair and meaningful comparison I must therefore follow the gold price in Aus dollars.
The Aussie gold stocks that I have been holding have risen 80% approx Phaedrus on the back of a rising gold price and strangely enough one of them not even looking for gold in Aussie:).So for me gold price has gone up in $AU.Strangely enough NEM no longer listed on the ASX has gone sideways:(.So gold in $US for me has gone nowhere .Go figure
China (public and others) buying silver and gold on any dips, according to many.
http://goldfuture.wordpress.com/2011...for-gold-2911/
When it's over it's over, lower highs and lower lows, I've lost interest. Since 24th Feb.
On the 24th XGD 7784, now 7600.
OGC 2.74, now 2.59, closing in on the low for the last year.
NCM 39.11, now 37.70, lower highs and lower lows.
In the meantime gold's gone up, but I can't figure out why.