Recent content by rederob

POG in AUD terms closed over $5000 for the first time ever yesterday. But the better news is the outlook for producers priced in AUD given the average price is up almost $1000 between the first and third quarters, and heads into the last quarter a further 10% higher again. Ramelius was marked...

Trump has proven his economic credentials beyond doubt, propelling gold to all time highs at a rapid pace. We need to put aside his lies, geopolitical incompetence, and crashing of the stock market, to see where money flows in turbulent times. Trump may well go down in history as presiding over...

A year ago copper prices threatened to go ballistic and stay higher in anticipation of longer term supply shortages. That never happened and its price returned to the lower $4/lb range. Step in Trump. Step in a tariff war that is expected to require American importers to pay an extra 25% for the...

Gold in Australian dollar terms looks a good chance to hit $5000 this year, after breaching US$3k on Friday. If it fails this it will likely be due to the AUD increasing in value against the USD. Trump has done, and will continue to do, wonders for POG as he adds more uncertainty over the global...

Not that it's important now that Trump got his knickers in a knot over his failure to win-over Zelenskyy a few hours ago, but the reports about a so-called $500B rare earths package being a bargaining chip in these peace talks are based on zero geological data. POG looks like bouncing back...

Apologists for genocide are low on the spectrum of morality. It becomes a matter of history as to who is being wiped out as the pricipal consideration relates only to the act and those responsible. Nations aiding and abetting, like Australia, the UK and USA, will also be judged - like Germany -...

For those worried about POG, fear not. Under POTUS #45 POG nearly doubled in price. Yes there was a big retrace after his election, just as happened yesterday and has continued into our morning, but Trump's economic incompetence, especially relating to managing debt, will be a huge plus for...

The so called "absolute power" you mention has been wielded by America since WWII. America has dominated all international forums, including the UN, and used "aid" as a means to curry favour with the developing world. Additionally, America has not been a signatory to the most beneficial UN...

Middle East tensions and continuing escalations with Iran now joining the fray will see US/Israel look at striking back. The below map shows Iran's oil infrastructure. It's massive and there's lots of targets. However, Iran hapens to be able to control oil/gas tankers passing through the Strait...

Following on.... Over the past few months the AUD v's USD price differences for POG were over 3 percentage points in favour of the AUD on 5 August, and had reversed to a 3 percentage point difference in favour of the USD today:

In the chart below I have tried to remove the cherrypicking bias that indexing can lead to by using the longest period that Tradingview allows for POG in AUD &USD. The trends are obvious and explained briefly. I ran it to see the extent that gold stocks that report mostly in USD (eg NEM) terms...

Another week ends and another record close for gold. Middle East tensions are unlikely to settle any time soon, so the safe haven premium of POG looks like it will not only hold, but strengthen in the near term.

$2600 was briefly hit last night, before the Fed pulled the plug and drained off the odd $55. Then comes along yet another state sponsored terrorist attack on the Lebanese to reverse the trend and see us heading tonight towards a possible record close. The below 15-minute chart tracks the action...

Just $25 off $2600 which is less than a single percentage point, so that won't be hard. Friday has been kind so far....

Your claim is contradicted by the Great Barrier Reef Marine Park Authority who do not rely on anecdote, and note a first time ever event, below: