by Chris Becker
Yesterday’s flash crash on currency markets had another silver lining – the price of gold in AUD reached a new record high at over $1879AUD per ounce:
It’s been a near rocket ride since the equity slump, proving gold’s usefulness as a Minsky Metal in times of stress:
Although the daily chart is now quite oversold, those who love gold will surely be buying on the dips. Because who doesn’t love gold?