Aggregated Awareness

Some seven days ago as of this writing, back on the Saturday 16th July 2011 (or Friday 15th July to our European & American readers), I was doing my routine market commentary reading when I noticed something peculiar about one of the charts in GoldCore’s post for that day.

Australian Dollar Gold Chart

You see, being a native of the Antipodes, I take very careful note of the Australian & New Zealand Dollar precious metals prices.

And with having done so for the past 7 years, one develops a familiarity with the imprint of its chart pattern, in one’s mind. Particularly when it comes to the longer term weekly charts for gold & silver, going back 5 years or more, and particularly in the Australian Dollar.

Here is my longer term weekly chart, of the Australian Dollar gold price:

One feature of its distinctive shape that I wish to point out to readers now, is the extreme & absolute spike high at A$1565/troy oz. back in late February/early March 2009.