DCN 1.88% 40.8¢ dacian gold limited

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  1. 4,287 Posts.
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    Bill

    Hard to be bearish free cash flowing AUD producers.  I wish i had stuck to them instead of chasing speculative gains, thinking SAR NST etc I can't see no scenario in which Gold in AUD does poorly.

    1. USD spikes, liquidity crisis - Gold drops too 900usd i would expect AUD in alot worse shape than 07 to sink sub 50c if not lower. Real estate bubble has popped, As what seems to be the Chinese real estate one too.

    2. USD falls of rate differential from FED pausing or cuts, Gold spikes and starts a bull run.
    Though i am in the #1 camp... i am a bear.


    I can't see anything positive for the AUD in the future, Gold miners have been a safe haven since 2015.
    The elite club of a few, it is just a question if DCN will join them ?!

    GL


 
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