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.
- Forums
- ASX - Day Trading
- daytrades black friday 5 aug morning
US$ was the first place the sellers thought of when liquidating....
-
- There are more pages in this discussion • 114 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)