tell you what though the XJO is trading very technically. Just getting up to the mid bollinger and stalling.
No one is game to push it through.
The big worry is market expectations that Bernanke will announce QE3 at the Jackson Hole thing on Friday. I hate it when the market sets itself up for a fall like that that.
It almost makes you think the markets have been bullying the fed into printing more money.
Sort of like a spoilt child who has had its dummy taken away.
Things are not brilliant - growth is slow and there are risks in the US and Europe - but I still cant quite see damage to warrant falls like these.
In fact thinking as I type - Gold spiking like this would make sense as a prelude to more money printing.
tree shaken and nearly snapped, page-27
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Last
$1.69 |
Change
0.015(0.90%) |
Mkt cap ! $1.825B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.70 | $1.64 | $5.099M | 3.031M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 43430 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 9330 | 1 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| GOR (ASX) Chart |