anyone viewing this as a sell oportunity? Surely the USD is toast and this is a temporary aberration? If it drops to 70-80 I could be very tempted to let go a coupla kilos, and into stocks.. anyone else?
Great! Now silver is worth more in AUD than it is in USD. Plus I don't get to do any more shopping on US eBay!
aud gold has gained almost $300 in like, a day and a half or something. Things are moving way too fast atm. 1oz gold coin on BB has jumped $50 in just the last hour.
Bugga. Well they can't keep selling stuff for USD for ever. They gotta run out sooner or later. Then they'll have all this green crap, so the CHF will go up (poor little gnomes have already slashed their interest rates to something pratically indistinguishable form zero, so CHF will go up) and the JPY will go up (so the USD reserves they hold will be dumped on the market to keep the Japanese "recovery" going) and that leaves all the USD going where? Those very reliable, attractive and guaranteed T Bonds? Or our higher than the rest of the OECD (for now anyway) interest rates? Who can tell? Logic is out the window. Everyone seems to be working from the gut!!!
proves the aussie dollar is just a risk play on commodities, not a "safe haven" like the msm like to think thanks for making my thailand trip more expensive world! gay!
The Brown Gillard government are completely unequipped to handle the financial s@#tstorm that is arriving, things are going to get interesting this week.
Its all over the place .Thank god theres enough confidence in the little aussie battler to bring it back as fast as it went down...Phew !!!!! got a bit worried for a few hours