OK, now some positive changes........
AUD on 4hr chart has completed it's re-test of breakout level and now with a slight rebound. (see gj's wonderful chart)
US gold price right on $2430/2450 resistance level
silver now recovering from false break on re-test.
Looking good.
Big picture stuff....
China doing OK, India great, some Asia and South American countries good.
US S&p 500 now on 3 day bearish wedge with poor candle last Friday
US loaded with debt, plus retiring baby-boomers plus multi-decade growth recession (growth in the 70's was about 4/5%, easing to 3ish% late 80's, then to 2ish% more recently)
US Data fudged and dicey. Un-employment rate doesn't count retiring baby boomers, doesn't count the fact that bright young people now need to start careers aged 25 after uni, as compared to earlier when they started at 16/17. Older folk around here should remember the days of 16/17 yr olds leaving school and going into banking cadetships or company traineeships straight from school. Today those kids are being duped with high HECS debts, for what was once free job training. They still have the same bright brains whether they learn on the job, or go to useless uni. Uni's DO NOT teach good work ethics, corporate/Government job responsibility or customer service skills, nor endurance with difficult, day to day, practical, on the job tasks that older mentors taught.
OK, now some positive changes........ AUD on 4hr chart has...
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Change
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| XSO (ASX) Chart |