Neil Charnock

The gold price is currently consolidating around the US$1100 – $1150 level. The pattern developing is larger than the September 07 to March 08 rally which was larger then the August 05 to May 06 rally. This is quite normal…….

Currency Crisis Will Drive Gold By Neil Charnock goldoz.com.au We have a really big flightless bird Down Under called the Emu.  I will not draw absolute parallels between the European Monetary Union (EMU) and the Emu, even in jest, however the Euro looks like it will appear flightless at best this year.  Perhaps the myth … Continue reading

This year will initially see a continuation of the trends established in 2009. I understand that this seems like a bland statement. The stock market reads future trends and outcomes at times and has factored (government sponsored) growth this year. Thanks to the vast overflow and after effect of the stimulus capital flows this will come to pass initially and therefore I consider that the highest probability is that the stock market rally will continue in the first half.

Time to back up the truck with gold stocks.

Have Violin Must Fiddle By Neil Charnock goldoz.com.au Interest rates are up again here in Australia as the RBA hikes our prime rate by 0.25% to 3.75%. One bank has already come out with a 0.45% hit on mortgage borrowers of nearly double that figure. The Federal Treasurer stated that the banks have no justification … Continue reading

Next Station Approaches By Neil Charnock goldoz.com.au The train left the station with gold stock prices on board as we predicted months ago but fear not if you are not already aboard as there are always “stops” (read that as “dips”) along the way. These dips should be bought because the rally is running along … Continue reading

I have just completed a major overhaul of my chart set which correlates with my coverage of the Australian gold sector. It is news analysis time as I have been updating news from the end of the October releases of the September quarterly reports.

Gold has just breached US$1100 after a strong move following the purchase of 200 tonnes of gold bullion by the Reserve Bank of India from the International Monetary Fund. This overhang had been troubling “ye of little faith” observers of gold. The same day the Reserve Bank of Australia raised rates…