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
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Comments

    • 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).

    • FUDINTHENUDMEMBER

      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 ………..