Loving this !! picking up gold stocks at now ridiculous discount prices. Gold will break 2100 before any pull back.
Im amazing about the fear in the markets. People havent learned by now, governments will print money and kick the can down the road to save us from a much needed recession.
As for the AUD. I dont trust it and have been buying physical for a long time. Eventually exporters will keep cutting jobs and rates will go down. The Swiss curbed their franc and sometime in the future the RBA will curbed our AUD (for the better of the country i might add).
MYG holding up much better than i thought....i dont want to speak too soon as it will only take one fool to dump.
FOMC meeting 26th and the US markets want stimulus. So if they announce another plan from the fed at jacksons hole, you can bet risk assets will rally hard.(obama already saying his cutting taxes and gonna to introduce a stimulus plan for jobs)
MYG Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held
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