Ann: Rek Rinti - Extension of Gold Bearing Vein Structures, page-5

in part it looks to me that the australian market has been risk off for over a decade
there is a significant correlation between the AUD/USD and the XGD/XAUAUD (aussie miners to gold ratio). the AUD has been in downtend for 13 years and we are at about as cheap as we have ever been.




I also suspect we are about to have a spike up in US debt interest rates which will cause a spike up in the DXY and a correction in gold, which in my view has already started. I have 2 prices areas in mind for the bottom for gold.. 2200 and 2150 USD approx... once thats out of the way i suspect the great roitation will start for the aussie miners



DXY



XAUUSD.. with correlation of the inverse head and shoulders break out from the 2008 GFC bottom... it moved the same percentage distance before its first consolidation back then.. on a line chart it was bang on 50% .. but candlesticks it dipped nearly to 61.8.. 50% looked the support line despite the breach.. on that correlation or fractal 2206 is the target


XGD (two days old so missing the reversal canflesticks), that may be what might drive us to backtest the recent pennant breakout on the XGD. once this is out of the way and the DXY goes high enough to trigger QE to tame the rates.. then we are off to the races... anyway, thats my rough hypothesis on the state of the markets