Gold up 57, AUD down 2% to 0.78 (unusual decoupling)
as the financials house of cards crumbles ..... Morgan Stanley down 40%, Goldman Sachs down 28% atm
U gotta ask why we are in this baby in first place ...... AUD gold is actually up about 10% last few days.
We are in the assetdeflation stage of the GORM yet AUD gold is going up.
In the paper burn stage to follow (IMO) AUD gold will be up much more.
Meanwhile u gotta keep re-assessing yr entire portfolio as DJIA is on the way to 9800 next (IMO) down 354 as I write.
Cash is certainly king atm but gold is king of the cash and IMO will increasingly be so from here on, tho today's spike is prob due to flight to safety resulting from fear of financial system failure.
IMBOOC
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