think tank, page-25

chuck

all due respect

I don't think that anyone can forecast either POG nor AUD for an range of time

Talking about AUD 50c is like talking POG 5000 USD - nice and that's all

My take is:

a non voting member of Fed made a statement that has been picked up by the "market" and we are back in the same "limbo" as a few weeks ago when Ben first went hawkish and then dovish afterwards

POG will be a yo-yo until it will break either way - and I'm not game calling which way although some indicators suggest one way is more likely.

on the other side you have the gold council coming out with "hope for recovery in the gold market"

for the moment: trade as you see it

and I see unfortunately see ABU going down on open