Just a couple of charts for some thought waves .This is the $xgd index . Its gold index for Aussie goldy basket of stocks . Now one of the things thats making our producers and perhaps driving the price of this index is the low aussie dollar .This one is climbing has all sorts of sentiment stuff etc but is just a commodity for thoughts sake .
Now oil . When are the bigger companies going go to where the low dollar and low risk environment to find it and produce from start reacting like gold is ? Will they ? Commodity thinking only . Just a product
@Sector Lead @1ForDaMoney @3500
Im in cvn sxy and know hardly anything about them but my thoughts are the same both oil and gold are climbing the walls of worry for a reason .One is high demand product one is low demand product but they must have something in common to do this .
$xej index its energy has coal all sorts of stuff in it even the coal stocks rising ?
This is smaller size rainbow charts @downsyde . Possibly a better look at the short term rainbow and well im exploring the contours for the pressure points for the good gold or oil .
If the market shifts for low au reasons for oil mrm should box seat if its offshore ! And well maybe one other i have listed .
