why abu, page-17

POG ? 700 sounds as realistic as 4000 to me - but then I know nothing and just watch

AUD from Business Spectator:

Westpac New Zealand senior market strategist Imre Speizer said the news boosted the greenback, as traders took it as another sign the US Federal Reserve would begin tapering its mass bond buying program, known as quantitative easing (QE), within months.

"A better economy and less bond buying by the Fed both have the effect of pushing US interest rates higher," he said.

"If US interest rates go up, relative to other countries' interest rates, its currency should go up."

Mr Speizer forecast the Australian dollar could fall below 90 US cents on Monday or Tuesday for the first time since early September 2010, despite a lack of US data.

"It's extremely vulnerable," he said.

"I have high confidence in the Aussie dollar visiting the 80s from this week onwards."


See if we get trashed again today - chuck seems to think it was priced in Friday arvo, I'm not so sure and expect our gold sector to cave in today - ow much remains to be seen. AUD going sub 90 would help.

Just remember: 3 weeks we should be churning the first gold ?

and then it get's really interesting !