nice post steve.
I think there is already a bit of 'what was to come' factored in a few weeks ago. There was a push from 2.60 to 2.90 then the drop back and them BAM!.
I'd say the smart money was in taking smaller gains in the boom and then the drop back was the start of the 'factoring in'
IMHO I'd say 1.60 will hold
are we in yet macca, page-7
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