rumour has it that the usa fed reserve may push rates for loans...

  1. 3,062 Posts.
    rumour has it that the usa fed reserve may push rates for loans to banks up,last time this happened the us dollar appreciated against every major currency,so should it be that this stock is in play, and i believe it is ,any turnaround will in all probability be dramatic held to some degree by the players in gns.

    the board will not be completely stupid, the fortunes of gns are to a large extent tied to the exchange rate,australia is in a relatively strong position at present due to resource driven export demand,however there major market have been protesting for some time ,and with the exception of fms the major players have been selling into the spot market at higher prices,the only way forward for resources is thinner margins and that combined with a stronger us$ will push the relative value of our dollar down ,posing improved trading conditions for gns-------should you notice any large orders going thru this might be an indication of instos voting with their large aus$ reserves
 
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