>Is it true if OBama is re-elected the US have a QE3
No the QE3 has already happened and was introduced by the Fed Reserve led by Bernanke. The Fed is independent.
I agree the quantitative easing announced by Fed and ECB tends to deflate the $US and the Euro but argue the main influence pushing up the $A at present are the current resource developments underway in Australia which involve capital funding inflows. This is one reason I suspect the RBA is reducing interest rates which put downward pressure on the $A.
The real issue with the US election is will it resolve the 'fiscal cliff' impass by giving Obama more influence over Congress if he wins as I expect? If the fiscal cliff is not resolved it could drive the US economy into reverse with negative implications for us all incl demand for paper in PPXs markets.
>I think this is the reason for the delay AGM from 31 Oct to 15 Nov.
I disagree. I reckon the delay is to give the new Board to get up to speed before the meeting,
SRS Price at posting:
6.3¢ Sentiment: Hold Disclosure: Held
