precious metals up strongly , page-2

hi snider, yeah should be good for the day traders and HFT....was pretty nice as it inched to 200DMA at approx 1668,,got its pop with usa DATA and ongoing theme of stimulus, but even with a suprise negative GDP number and super hype, could break the 1683, no real turnover...just a curreny moves

That said POG AUD did also pop back over the 1600AUD area which will pull in some long side trade for the day....

Fact remains, government intervention is causing absurd moves in OIL, costs continue to rise in spectaular fashion unlike the gold price this QTR,,,,Im hoping for overexcitment so I can get a few more shorts on..

Chart of the daily action in OIL (USD) FYI,,,I thought I had to check it again,,,,margin compression underway not only at NCM, but also out of our own pockets, sticker shock coming,just not reported yet,,,sadly we consuemr will feel it at the pump probably too soon....

Cant see them cutting rates in this circumstance, they need to try to cushion comsumers from the inevitable rise in energy, which is going verticle

Im thinking maybe better of in GOLD:ASX rather than the miners with frenzied activity on the cost side if wanting to trade potential further gains in AUD POG? Big miners, with big energy bills and are going to feel it, POO up this much this suddenly this month and AUD down just isnt good for ASX big business users

GL on the trade