with QE2 ending at end of june it is inevitable that the president will have to bow to congress continued demands and tighten US monetry policy by -allowing the artificially low rates of interest to be governed more by market forces. - and to cease the printing of money.
both of these inflation reducing measures should put downward pressure on the $US and hopefully by the end of july we may have a deal with the $A being below $A 1.05
the downward trend seems to be starting now, although this is also being helped by the flight of eros into $US
if not, we will have shares in a company with a strong positive cash flow, and which is likely to - pay at least a 3c. dividend to the current loyal shareholders - and in FY 2012 will have significantly increased profits due to more oil wells, a reduced hedge cap,and no loan interest to pay.
AMU Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held
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