Check out the charts. The USD just fell vs about every other currency, and the AUD just rose vs just about every other currency. AUD/USD jumped from 1.035 to 1.068 in 24 hrs. Silver's moving around we saw today in AUD was fairly flat in USD until just 4 hrs ago then rose sharply again very similarly to what it did 48 hrs ago. From a USD perspective that's two strong silver rallies in 48 hrs with absolutely no drop in between them. Looks mighty strong for silver! Gold actually dropped in AUD but still rose in USD. The Gold/Silver ratio dropped below 50:1 for the first time since silver was $39. That's significant. Now silver is at AU $32.67 and rising fast.
Yes I saw that. US still not fixed and safe refuge only when there is no other choice at all. Euro has new life so consumption of goods looks promising there. AUD rises with commodities. as someone once said: I hasten to laugh at everything, for fear of being obliged to weep.
A very good article here to see the Causes and Effects of a strong AUD from the RBA website itself: http://www.rba.gov.au/econ-compet/2010/pdf/first-year.pdf
