Dont expect equities to follow gold price quickly, an example...

Dont expect equities to follow gold price quickly, an example being the early 1980's when gold doubled in 4 months from 200 to 400oz, equities didnt price it in until 9 months later when the market finally conceded it wasnt a spike. Other point worth noting is that the recent sell off of AUD & industrials was accross the board, nothing was spared as it was primarily a currency trade, the golden baby got thrown out with the rusty iron ore bathwater. On that basis it is my view that AUS gold equities trade alongside Aus industrials, though they may have a bigger rally at the end of the sell off / bearmarket on the basis of having a higher commodity price. I'm happy to continue to value gold at US$1200 or even as low at 1000 to be on the safe side. I dont see us breaking higher that 1500 within 12 months. That's just my amateur opinion anyway.