Will the gold rise consolidate around 640 for a while or penetrate higher, rapidly? Bernanke talks to the world tonight.
The USD is stuffed - might it bounce? Dow is down, All Ords down.
Feels to me like the blue chips in Australia will continue to take a bashing. Some of the more vulnerable small commodity stocks could slide as well. Copper stocks may sink, so being prudent, we sadly took a profit on SMO. We’ll definitely buy that one back later on.
We are cashed up and waiting for bargains again. Fortunately picked up some of the lovely LRL shares back and will try for more. LIkewise we’ll attempt to restock our BPO larder. Otherwise we’ll try for as many NWR new shares as they permit us. At present NWR is trading at a 5c premium to the new shares. Doubtless some will be taking an instant profit and they will slide after the 8th if there is no significant news. But news is anticipated any day!
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