Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Thursday, June 7, 2012

Gold dives on BB's testimony bf. JEC

 Gold in USD plunges after Bernanke's testimony indicates no plans for immediate stimulus although Fed is ready to take action if financial troubles escalate.
Gold drop from 1625 to 1585, shedding 40 dollars
Gold in AUD dived from 1630 to 1595 ..

AUD lost half a US cent from 99.8 to 99.3
Since Monday 4th Jun, it has spiked from 96.3 gaining 3 cents on less than expected interest rate cut of 0.25 percent and better GDP numbers ...

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