well hes a lap dog for teh big US banks and the fed, thats why they are letting the aussie remain too high. they know if they drop the value then the infltion risk will become real. so like a good little doggy, they keep the strength and scre the miners/manufacturers, while the korean, the russian, the chinese the japanes the bank of england the fed and other smaller players all weaken. good news is , when they finally do drop the exchange we will be in positive territory on gold pricing in a double up. 20-30% drop in the aussie would be awesome.
