yeppa27,
unfortunantly our miners reflect the US gold price but our gold ETF is a better play if your stance is a falling $AUD and rising US Gold. it may happen because oz will drop interest rates first then the Bill will light the market on fire including $US then fizzer out and fail again at which point US Gold will be bought up on not only a safe haven status but on The US lowering thier interest rate to 1.5% emergency cut to revive markets.
oz dollar will rally again, so will commodities
They will find solutions for liquidity all the time. Mr Market wants free money and lower interest rates so that we get back to normal, but no-ones buying it
The $US is intervened so much so that it has room to double bottom at low 70's again. Cycle will turn again soon.
They are the worlds currency and right now thier saying were worth more than everyone else coz if we fall you are all doomed, so we dictate our own price by our own rules so that we survive.
love too see China or Europe do something funny to stuff up thier average... I aint buying US debt.
at least Krudd is buying it for oz infastucture assets. He's making more and more mistakes for our future by the day
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