Gold and the AUD/USD exchange rate

[mullokintyre]

Small typo there Mick.

1 XAU = 2,579.94 AUD atm, going up but not 2878...yet.

gg

Sorry GG, I am slysdexic as well as partly blind in one eye and cant see out of the other.
Other than that I'm in tip top shape.
Mick

 

[mullokintyre]

The chart for gold In aud as shown below shows that gold has changed little since November 2021, and indeed is a little higher.


Now go and compare that chart withpretty much any gold producer in OZ today.
Here is the chart for SLR


There is a serious disconnect between the price of gold versus that of SLR when comparing November's prices to todays.
Could do the same for pretty much any of the gold producers.
I haver started buying in again.
Mick

 

[InsvestoBoy]

There is a serious disconnect between the price of gold versus that of SLR when comparing November's prices to todays.

Low ROE+high capital intensity == high beta to underlying == lower geometric returns.

 

[mullokintyre]

Does anyone here on ASF have access to data to compare gold in AUD with a specific OZ gold stock?
I have two sources of data, but although I can compare 8 billion useless things to a stock price, I cannot get something so fundamental as the comparison between a gold stock and the commodity it produces in AUD.
I think there is starting to be some serious disconnects here.
Mick