We have more to worry about locally with this out of cycle...

We have more to worry about locally with this out of cycle property sell off. There is bad news data on a consistentcy basis domestic & Overseas (global gdp, China). In addition feds temporary bond sell program/rate hikes is checking the inflationary pressures so craved ever since the QE programs. It seems trade war had contracted Chinese and US trade figures and we in Oz is the meat in this s/w so i think a lot of sheet to expect this year.

The price action suggest bad economic news is good further stimulus cheap money for the stock market. I dont see any reason to be pilling into banks, retaillers or housing affliated business. Gold will not be requied as that inflation hedge. I'll leave stock crash aside as a very small event so i don't see much upside for gold.