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26/05/15
10:37
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Originally posted by AverageJoe
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Logically I would think so too regarding recent sell off in U.S. markets but these fights could be initial sparing triggered by the rapid bond yield spike. I don't assume anymore for a second that even when they do announce the inevitable rate rise, the stoks would simply rise. Obviously hope that is the case. Psychologically it has big implications for our markets! The big talk about over valuation in our banks etc ignore the fact our economy is lacking yield everywhere! The continue budget deficits and Steven's jawboning the aud will only drive ccy down and make our banks more attractive to the oversea investors. That is the hope anyway.
Regarding gold, I don't know how this will play out. I do know there are still Goldiies diverging from gold at the moment so as far as I am concern what matters to me is gold/AUd.
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You're only counting on the USDAUD exchange rate to make a dollar, but there's no salvation here, lower highs and lower lows. The HUI.
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