I don’t think it will move in Australia at all. Gold and stocks are in a Bernanke created fiat money DisneyLand zone for the time being. The national mood right now has conservatives on the defensive and hard money on the defensive with 0bama fiat bucks on the ascendant and looking good
Yah you might be right — how many times have we heard “flight to the safety of the dollar, gold up in Euros but Euro down compared to dollar, therefore gold down in dollars” over the years.