Although I do not want to get involved with the above situation I have the following thoughts;
~ there seems to be strong resistence around 356USD and this may occur up to 360USD ~ the AUD rise is starting to put downward pressure on AUD gold price
What are the possiblities? ~ ST Bullish scenario is that price breaks 360USD and short covering causes spike, war (though there may be premium built in) ~ LT Bullish is continued fall of USD, reallocation of assets between financial assets ~ ST Bearish is that USD reverses for a while against EURO (as it has fallen 25% over last year). It is also possible for the AUD to rise against USD even if USD rises against EURO, no war. This would doubly impact the AUD gold price ~ LT bearish is that deflation occurs and spreads to all asset classess
As they said in Banzai (channel 9 show - very silly). ..................... PLACE YOUR BETS NOW!!!!!
