fridays trading, page-49

cheers, for the sake of not having to repeat it, this should interest you then ....

FED fears a new mortgage crisis
Make a point of reading the second article.

There's good (actually bad) reason why gold is on it's way to the moon. The only thing to arrest it's elevator ride is 'real' strength returning to the economies (plural) - this shows up in the USD index when measuring the US economy.

Gold is not at USD$1190 on speculation as some might like to think. I'm therefore surprised you would prefer bank deposits over physical metals if you thought the markets were weakening.

Physical gold has gone up 20% locally in the last month. The ETF ('GOLD') is a good indication of this as reported by redbacka. If you think the AUD will weaken in the next 6 months, this will only add to the flavour of local gold as the base USD POG rate is very unlikely to retreat horribly.

For your indices, it starts with the US economy, and flows into everything else. All index equities suffer unilaterally when your banks start tripping stop losses on light volumes and their own consitutions force them to sell stocks down.

But that's just my opinion.

rgds,
pw