DislikedIf anything was strange to me about this week, it was Gold. Just sort of made the move without anything fundamentally important happening. From what I read, I know a lot of people have been expecting this move higher in Gold and my email inbox is now being bombarded with articles on if Gold breaks the $1,000 level, it won't be coming back down again (well, not this time so they say).
I see you are based in Melbourne. Love Melbourne - fantastic city and I have had many memorable holidays/weekends there. I have a brother in Brisbane who emailed...Ignored
gold is an issue to watch, I would not forget the fact that RBA has stopped or at least slowed his selling, probably noticing that australian economy really never entered in a deep recession as other countries did
macro data do confirm that, and my opinion is that recovery will also be stronger in US and Europe, confirming the role of AUD as anticipator currency, usually going up more, and starting to slow and fall before EUR and GBP....
it will be interesting to see what happens next