Thursday, September 19, 2013

The Aussie loves a good non-event

Not only did Gold and Silver spike on the no tapper from the Fed the Aussie dollar also went along for the ride.

So due to the US affirming that they will keep the pedal to the metal in debasing their fiat currency backed by nothing the Aussie dollar a fiat currency backed by nothing has risen in strength. Go figure. Maybe this why I trade bullion (money) not currencies.

chart from xe.com