what an interesting night we've had hey?
Whilst Gold fell in USD 1.57%.....as the AUD crashed 2+%.....Gold actually rose in AUD $10 or 0.73%...
Also whilst Gold fell in USD.....Equities fell strongly too....so its not like money switched from gold into equiteis...
the really interesting thing last night to me was that Bond yields are continuing to spike up....they are already now at 2.35% and rising....the higher they go.....the less likely it is that the US will be able to meet their interest bill on the debt they are accumulating....and so the more likely that this QE they are talking about tapering off ....will in reality get pushed back even more and more..... :-) GO Gold!!
next stop 25c, page-8
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