To Break $1 the Q4 Production Report Will Need..., page-34

Actually the next couple of weeks for the Oz gold mining sector should be interesting.

Despite the sell off last week, a large chunk of notable Australian based gold miners are still trading above their 150 day moving averages and have rallied a little.

It's hard to be confident about the PoG in USD terms, but with the AUD still under a lot of pressure (terms of trade were terrible yesterday) the PoG in AUD terms has held up OK, up over $100 from this time last year.

And when you compare this to the other major stalwarts of our economy, ie the banks (CBA, ANZ, Nab & WBC), the major miners (BHP, RIO and FMG) and major retailers (WOW and WES) with stretched valuations and all trading below their 150 day moving averages it will be interesting to see if momentum begins to shift into the gold miners as they start to actually put the runs on the board and publish their FY15 annual reports.