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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Lucretius who wrote (13347)5/10/1999 3:48:00 AM
From: Moominoid  Respond to of 99985
 
All ords should crash along w/ everything else IMO

I'm happy as long as it goes up first :) I indirectly own non-Aussie gold stocks and most of my money is in the Aussie dollar. Even the call warrants on the SP500 I bought are hedged i.e. the payoff is 1/2 AUc per point above the strike (1150) per warrant. I do expect the AUD to be back at about 75 USc in about a year from now.

David



To: Lucretius who wrote (13347)5/10/1999 5:56:00 AM
From: Moominoid  Read Replies (1) | Respond to of 99985
 
The Aussie gold stock index fell 13.25% today. The All Ords was up 9 points. Industrials are 85% of the index nowadays, resources is 15% of the index and gold is just one of the resource sectors. Aussie dollar only down 0.3 US c.

unless you own aussie gold stocks and i thnk you will lose. All ords should crash along w/ everything else IMO