daytrades black friday 5 aug morning, page-2

US$ was the first place the sellers thought of when liquidating. Funny that Gold only fell 1% overnight - that strongly suggests the precious metals will attract attention in the days to come, especially with China and Europe reluctant to invest in US Treasury Bonds, and the spectre of a ratings downgrade still looming.

A temporarily weaker AU$ makes our goldies look good. They will fall initially, no doubt about that, but genuine bounce trades may present themselves.