Neil Charnock

By Neil Charnock www.goldoz.com.au When the Rudd Unworkable Super Tax (RUST) was first announced I stated that we may not be the only ones here in Australia to suffer from this type of tax.  Governments in many countries are worried about falling revenue as economic contraction bites. Plucking the goose that lays the golden egg … Continue reading

By Neil Charnock goldoz.com.au Introduction Gold reached US$1248.20 which was a new record high in USD. Silver has also followed gold up, this rally looks like the real thing. I have to stand corrected here as I was off the mark a little in some recent statements. I forecast US$1180 as an interim top and … Continue reading

By Neil Charnock www.goldoz.com.au It has been a hectic week here educating clients about global capital flows and debt cycles. One of the really interesting factors at play Down Under has been the unwinding of the carry trade which accelerated last night. The message it not always understood so I will be preparing a file … Continue reading

We have been looking at global trends and the debt markets very carefully this year so as to remain prudent about our views on the direction of gold and the Australian gold sector. This may seem like a long bow to draw however the thigh bone is connected to the knee bone when it comes … Continue reading

Isn’t the world an interesting place at present! When the historians look back and decide what to write on the history for this time period they might as well use the heading “it seemed like a good idea at the time”.

Greece Exposes Future & Opportunity By Neil Charnock goldoz.com.au We are looking at a high probability of a rally in the gold price in the coming weeks which will spur gold stocks into upward motion yet again. This is suggested due to fundamental and technical reasons. Inflation (of the money supply), increasing demand and coming … Continue reading

The XGD has formed a powerful buy signal indicating that the way forward is up again for the Australian gold sector……

Gold is still that powerful. The global crisis is not going away and neither is this Bull Market for gold and the gold stocks. A gold mania lies ahead but not for several years which is great news for all of us. We want a steady tradeable series of up-legs to profit from…..

This is all good for gold as fear increases gold will come back faster than everything else all over again. Uncertainty over exchange rates and currency gyrations will drive investors back to gold in droves….

The Reserve Bank just decided to hold rates at 3.75% here in Australia today which is great for our gold sector. The AUD gold price is up $10 to $1252 on a 1c drop in the AUD. My view yesterday on where our gold sector is set out below – this is an update paragraph to bring this article into current time.