I overlooked the fact than LON is closed for a Bank Holiday (no trading on LSE). In the meantime we see USD rising a tad and gold falling a tad...presumably correlated.
I don't know how short gold GS and MS are. You know, the head of MS is an Aussie (James Gorman)? Maybe somebody here once worked with him? I'll put in a call to Lloyd B at GS. I used to work in their HQ (but for Merrill Lynch, in IT) - in fact Gorman came to GS from there, as best I recall. (MER, now part of BofA).
I thought they covered their short positions late last week????
Aussies done very well in US...people would be surprised...(and I'm not talking about Hollywood).
Personally, I don't see any high drama before the Elections in November. China is the wild card, as always.
