There are multiple potential scenarios for gold and would think it would be hard to break $1140 next week. That said any day someone can just throw 80 000 naked shorts in the ring just for fun. Nearly everyone is convinced it needed to put in another low. Who knows. Mester and Williams may just be trying to stop equities getting bubbly. Great article in AFR on the rates saga, p32 I think,IMF reckons they are nuts to pull the card even if it is minimum. Shale bust still yet to show properly in figures. Propped up with junk debt to hope for the best not a smart thing. Ahhh when the music stops pass the parcel of pallets full of wortless debt backed by what, inground high cost oil reserves with depressed demand. Sheesh a big gamble that didn't come off. What sort of haircut did Shanghai get prickle or bowl cut.
