Fbx I think the AUD is falling because of the CPI figure...

Fbx

I think the AUD is falling because of the CPI figure recently released suggesting the RBA will cut rates - but my view is there is no reason for a rate cut and if commodity prices hold up their recent run and capital keeps flowing into OZ buying up our assets then the AUD will head back up to the 80 cents suggested by some.

I have not added to my portfolio, except for a handful of MBK shares (its a pisces suggestion) purely because I like their Chairwoman (was briefly a director of SBM and brought in its current CEO, plus ran a successful company in the past). Its a very small lottery ticket for me - they will need lots of cash at some stage for exploration plus there are lots of shares on issue. Got in at 0.5 cent - could drop to 0.1-0.2 cents for all I know (which is next to nothing).

I think the gold price could pull back, but if the US market tanks after earning season has ended there is a good chance money will flow into gold/gold mining shares given negative real rates and that could sustain gold around the current level. Indian gold demand is still down, but Chinese has improved a bit (it had fallen back from very high levels, mostly driven by investment demand I think, fear of devaluation of their currency).

loki