I wouldnt worry about this retrace and consider it just 'noise'....

I wouldnt worry about this retrace and consider it just 'noise'.

The above poster is correct, as the aussie dollar no longer becomes a risk trade of choice the stock market here will get hit. As it falls further expect it to get hit more and the stockmarket here to go down with it.

RMS is in a great position with its cash and a very strong future and an especially strong AU$ gold price as our currency takes a hit. The worlds problems havnt been solved and in fact are getting much worse. Until they address the structural issues i.e. stop spending more than you earn and filling the gap with debt,,, golds just going higher. Thats the way i see at the moment anyway.