The Aussie dollar is still selling:
As bonds take off:
Led by the Big Iron melt-up:
Big Gas is up on OPEC and Russia:
Big Gold is losing steam at DXY regains it:
Big Banks are back. They ought to run on the yield trade for a bit, right into a crumbling economy…
Big Realty is mixed. There’s not a lot of reason in DHG crashing while REA firms up:
Blessed is the RBA.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.