Ann: CGT Share Consolidation and Notice of Genera, page-9

re: Ann: CGT Share Consolidation and Notice o... hi snowyjim

Me thinks the whole global equities market be just a sandpit ATM. No rudder but plenty of games.

Fundumentally we are now advised that Greece will enter a controlled sort of defaut after the next bailout ..... and what this does to the Italian bond market (and other flow on effects) I know not. The ECB will have no alternative (in my uninformed guestimated opinion) but to follow the benchmarks of the FED and keep liquidity in the banks somehow. In top of this nobody is talking about impact on the EURO of reconstruction costs in Libya. Assuming that both the US and Europe muddle though there will be more and more electronic currency on the books ...... which bodes well for some gold space I guess.

Near term AUD risk and opportunity for CGT needs to be considered. Hypoteticaly, the AUD could go higher, simply because there are not many places for money to go. Then it could all reverse on a pin head ...... which in the medium to long term will be great for CGT as it will bring relative costs down.

Interesting times.

cheers