Yes, in Australia also the all ords are breaking record highs. And as you would have read, a retail bloodbath and thousands losing their jobs. With more and more on the way. its very easy to see why the stocknarket is rising. i let u in on a small sercret. you know that if you leave your money in the 'Safe' bank you get no return ( ie 1%-2%) so you going backwards big tine when real inflation is runing at 10%. super funds growing at 10% total value each year and they have to invest this somewhere. A lot of this is going into the sharenarket and property. Pensioners cannot bank on 5-6% interest rates on savings so must also be chasing higher returns. one can see thus huge bubble that is developing. The DJI is the classic example. Setting itself up for a mother of all crashes. As many have pointed out. Paper noney losing its value like never before. I think whats happening is all logical of the times that we are in. GOLD DEFINATELY HAS A PLACE IN THIS ENVIRONMENT. That is why it has gone from 1300aud to 2300aud in a very short time. I believe its the US dollars time to go from 1550 to 2550.
