Whilst the ASX listed company trades in AUD from what I've seen...

Whilst the ASX listed company trades in AUD from what I've seen the MML share price is more responsive to increased in the PoG in USD terms (bit irrational - but the market is going to do what the market is going to do)...

So whilst the PoG in AUD terms briefly squeaked through A$1600 again today until the RBA announcement not to cut rates caused a rally in the AUD.

Interestingly, the last time the PoG in AUD terms was consistently at that level was back in 2012 when MML was trading at $5 to $6...

Nonetheless, MML managed to still jump up a couple of cents which I think reflects the markets continued recognition of the business fundamentals of MML (and other gold miners) and not just an improving PoG.

If the AUD continues to weaken and the PoG in USD terms stays above $1200 I think MML will continue to extend its rally and the longer it can stay above its 150 day moving average the more confidence it will give to the mainstream market.

Hopefully we might get a more exciting bounce in the MML SP at the end of the month once they release their quarterly results (asusming they are at lest inline with projections) and if the RBA cuts rates again in early May (which will send the AUD to new lows)...

So the real question is will the PoG in USD terms stay above $1200?

If so, MML at $1.20+ in May would be a likely bet.