Logic diminishing

Gold used to be a hedge for world events; a safe haven, a stable "value" beacon. Yet recently, it seems to reflect the markets! RB was lamenting about it in Pure Speculation.

So today, the USD fell against good US data regarding manufacturing output, DJ went up and gold went up by 0.5%. Europeans are now US poodles and follow it like a hapless puppy.

Positive manufacturing data from China will mean the ASX will behave like a sharpei.