Yes, been watching...more or less stunned. Expected Chinese enthusiasm....Indian bulking up....and a lower AUD....Three strikes so far.....Don't own much physical so that is almost a non-issue......but do have a fair bit in RSG now and a far smaller holding in NCM. Bugger....if it stops at $1193 and get a gradual move-on from there I won't grumble.....But I struggle to see it getting much lower....in AUD terms. Next rate decision comes with a .25% chop with a cent or two off the AUD....That's my plan to stay where I am.....but static doesn't make money.....at least not as much as I'd like....
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The state of gold, page-533
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