Club Mulgoa

Thursday, November 08, 2012

DJ and POG

For a while now, the POG has strangely been following Wall Street.  Yet it is supposed to be a hedge.  However, gold is easier to manipulate than the stock market but only for the short term.

As DJ continues to fall as the market does not like an Obama victory, PG is holding up, in fact moving higher.  The money printing press must be going full belt according for the AUD holding up too.

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