Australian dollar to the moon as freedom dies

See the latest Australian dollar analysis here:

Macro Afternoon

The AUD is up and away this morning, recapturing the mid-65s, former resistance, now support:

Bonds have eased:

Stocks jumped at the open and the chart is still bullish:

Big Iron is loving making the rifles and cudgels of autocracy:

Big Gas too:

And Big Gold:

Big Banks are caught an L-shaped recovery tractor beam:

But Big Chunt only goes up:

There is nothing quite like the spectacle of liberal markets cheering the death of liberalism.

David Llewellyn-Smith
Latest posts by David Llewellyn-Smith (see all)


    • top for the aud or usd? I expect for aud to fall due to geopolitics. Otherwise AUD would have hit 80c due to global stimulus and demand for dirt.

    • Goldstandard1MEMBER

      Sure as shyte that’s when it double dips! Don’t get involved in institutional/stimulus bubble…..or if you do stay short and watch the screens. More people will be burnt on this one. I’m using this rally to get more money out (FYI only).


      Still bouncing off resistance at 5600 5630. Until it smashes through that I wouldn’t be goin too long.

  1. and ALfcknK to the moon after I sold 450k shares last week. I am starting to drink now.
    Still holding 100k but god.. could’ve, should’ve..

  2. DingwallMEMBER

    ASX up 1.7% ………everything is awesome…..

    Via SMH ………”Bell Potter analyst TS Lim has increased his rating on National Australia Bank from ‘hold’ to ‘buy’ with a $17.30 price target, a 30c increase. He believes the bank has strong cost discipline and will save more than expected thanks to cancelling some non-essential projects”

    Australia is an oasis of gold ………..