The Australian dollar is stable this morning:
As bond yields at the long end toy with break down:
XJO is down a goodly 2% and the uptrend line is well busted:
Big Iron is soft:
The bellwether of the bust, oil, is sending a clarion warning:
Big Gold is strong and even bloody NCM is threatening to break higher:
Banks have more than unwound Friday’s Wagyu/UBS pop. I still expect, at minimum, for the fake value rotation that lifted them in recent months to reverse:
Big Chunt looks like a fake Nasdaq, which is what it is:
Who knows if the robots and Robinhooders are finally exhausted. All I can say is that there is no doubt that they should be.
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.
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yes gold !
We need a MB members gold fund or gold podcast on miners etc, however gold positions probably needed to be made months ago
They were.
So current values of say SLR at 2.09 and RMS at 2.03 are getting too high to jump on right now? with gold at pretty much 2012 high
QAN now below their capital raising price.
mine were made years ago when AUD near highs. youre timing is better than mine, but i will take the currency upside for now.