Lap dogs

The Europeans (including the Brits) have become true to form American lap dogs.  If you look at the performance of their bourses, it does not matter how it has been performing until the US market opens.  Then it follows it like a magnet.  At least the ASX has a spine.

POG was up at close and the AUD is stable at marginally below USD$1.03.  These two have been relatively stable, yet you suspect that in the longer term, the financial institutions are expecting gold to plunge.  Why else would gold stocks be sold off?  And meanwhile, shale gas stocks are not in favour again.  I haven't seen anyone announcing a total of 1km of gas saturated layers with one drilling; BPT got punished for that!