Markets up well on a much stronger than expected jobs report.....probably a lot of gov jobs imo.
NZ expected to cut 50bps on Wed by some commentators. No cuts in sight for Oz because of our governments spending habits.
Poland now has more Gold reserves than the UK, 420 tonnes. I hope we have more than Poland, i truely do but i don't think we have anywhere near 400 tonnes, after Costello and Turnbull selling it i don't think we even have 100 tonnes and why isn't our RBA buying it like other more sensible western central banks? Dim Jim got plenty spare money too with his surplus and he could cut spending to more normal levels to free up more cash, he could reverse the mistakes Costello and Turnbull made at least in part to make a start.
Might be a quiet day on markets with a holiday for some today.
Goldman seems to think China needs more QE to sustain rally.
RIO LI move may help Li shares.
Fingers crossed we all do ok on markets this week.
