currencies and precious metals , page-2

11/1/2014

o/night US data for jobs well down on anticipated, in fact negligible gth. sends USD down and AUD up, gold and silver strongly up. $A = 90c.

participation rate well down. could be a one off due to the "freeze"

From this expectations of continued quantative easing in US (money stimulous to the US economy)

higher $A - good for retail stocks, not so good for exporters including matertials sector

GK.