HK and Sydney sharemarkets are -0.8%, Tokyo -0.7% and Shanghai and Singapore are -0.6%.
Gold is trading near $1618/oz this morning and I’ve read some quite bullish analysis this morning from a couple of different banks. Yesterday’s US data has again brought forward talk of more QE, any possible solutions to the EZ debt crisis revolve around different speeds of printing money and some of the bigger hedge fund players are thought to be short in anticipation of a bearish break below $1520 and they may be forced to cover? All pointing to a higher Gold price in short-term they reckon.
