a$ bulls sighted

  1. 3,636 Posts.
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    The A$ is running red hot, currently at 78.12 cents, a break above 78.5 is a technical breakout to higher ground and a higher A$.

    All the technical signals on US$, gold & oil are extremely volatile as we have reached support or resistance levels. IMHO US$ is now into a technical consolidation phase before it resumes its uptrend.

    The strong A$ is TOXIC to miners operating costs. Beware the IDES OF MARCH.
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