As most Gold investors know there has been relatively little action in the Gold price in terms of the AUD and our junior gold companies haven’t gained like their US counterparts.
The two images below are Marketclubs Trend analysis and it seems if they are right then this will not reverse in the near future. They are very bullish on gold but they are also very bullish on the AUD$ Vs the USD$ so if they are right then Aussie gold bugs have a bit more time to wait.
