re: us$/oil/gold breakdown ?
Must say it was a shade hard to read that from last nights action - are you refering to the whole week? Seems to be a rather 'rose coloured glasses' interpretation of Iraqi events and the US deficit in particular sydneysider but I like to listen to all views anyway.
I've found that in recent times platinum has been acting as a very interesting forward indicator to the rest of the pm's running as much as two weeks ahead of major changes in the other precious metals (were currency and world events have been more directly visible, ie gold and to a lesser extent silver).
imo platinum has the jury out on whether the lrge fall last year was a full techncal break with bearish bounce or whether its simply building into a new upward run. At last nights $870 it is after all barely 5% from its recent 5 yearly highs....
Likewise the 5 year USD Gold price .....
Mind you, I've always found it very hard to pick market turns, lol!
