So Colin, who or what is screwing the market? The AU$ has been on a slow rise against the US$ for the past month but only by 1% and so not enough to explain the negativity.
As the GDXJ shows, WAF has not been singled out. This is across the board.
I prefer to think that the past few days have been driven by anticipation as to what the (virtual) Jackson Hole meeting of central bankers will come out with by the end of the week. If so, tomorrow could produce further weakness in the GDXJ, but lets study the world's continuing anticipation/reaction overnight before we get too excited in the morning.
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So Colin, who or what is screwing the market? The AU$ has been...
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