Morning A, yes the new accounting treatment,,,how lucky is that for the banks.......what is it 26Bln JP Morgan can make in profit,,,thats nice for shareholders but I notice the poor old Taxpayers that gave all of the guarantees and cash for the purchase get nothing.........it annoys me when I cant do it, I went into the ANZ and told them that following my new valuation based on some model i thought up my house was now worth 30Million and could I have a small loan at 50% LVR, they laughed me out of the bank but not before asking me to give them money in a share placement,,,,, how can anyone trust any number coming out of a bank...
market had another stunning night despite house prices in USA showing a continued fall that is serious..
Oh well just have to trade it,,,,,,oil up, copper up well, gold basically unchanged from yesterday, AUD up, Gold had a gr8 night after being pounded to 940.7 but regained support and pushed str8 back through 950
31.80 to 32.40 depnding on volume I suppose, whilst POG down alittle in AUD terms, last nights fightback demonstrates strong support and the looming US Auctions of 5 and 7 year notes will test the markets tolerance of money printing for sure, this event in my view could push gold str8 over 960,,, good luck time to change the conversation A to NCM on the rise :)
NCM Price at posting:
$32.00 Sentiment: None Disclosure: Held
