aud POG getting below 1650 yesterday was 1670 odd last week ish, thought it would recover and look AUD POG down again and usd gold looks set for a further fall....
AUD continues its surge despite RBA putting down rates, AAA continues to bring them in following downgrade of FRance and interest rates in OZ are still way above alternatives in the AAA space,,,,
More interferance in markets making it difficult to trade, long standing economic prinicpals seem to be obselete,,,
Thought 26 was all good but very intuitive move before GOLD price fell back off 1737 and is already back near the danger are of 1700....
Something has to give, these moves on currencies are insane, , CHINA falling, and when you suddenly see copper falling 5.6PC, i assume most of the speculation in everything is chinese and under pressure from leverage....
A total suck of a day, was 24.08 the other week with gold at 1725/26, took my medicine today to avoid a potential bloodbath tomorrow if Gold cracks, after what appears to have been a verticle bounce from 1573
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