Aussie Dressed up but where to Go?

Thank you to that RBA deputy who shamelessly pimped aussie higher by stating the currency will continue to rise. Your pimping has brought confidence and risk screeming back into nthe market, encouraging even more short covering by the weak shorts.

Doesn't the RBA and the PPT know, as GOLDman well knows, that shorts are a necessary requirement to support the falls of their beloved pimped? If (weak) shorts get blown out of the market, who is left to buy when sentiment reverses? Mr. and Mrs. Jones? Heck, they are already hand over fist back in the market, praying those stocks continue to go higher and higher and higher.

Thnk you Mr. RBA deputy - THANK YOU!!!! THANK YOU!!! THANK YOU!!!

Never dreamed we'd see these levels again in trash euro and cable (1.3687 and 1.5566). Oh yes, you even got GOLD9man) back to 1121! You da best Mr. RBA deputy.

Gold can now start its ascent to wherever ASshraf says it will be in two weeks - 1020. All the longs are in, and all the weak shorts are out!

WEATHERMEN ANALYST update:

Westpac, who was crying over the "presumed" demise of kiwi and aussie after the rate hike took those two pairs to prices they haven't seen since, well, Monday, and calling for significantly lower prices for those pairs, are now out pounding the table on the two, stating that since they are higher now, they will continue to go higher.

Thank you Westpac, for telling me which way the wind is blowing....

The RBA will do nothing to strenghtens the Aussie. In fact they sold A$ the last weeks to let it not gain too much too fast. The RBA reported that it net sold A$ 295 mn in the spot market in February.

Hey Pippedoff, just been reading a very interesting article about your nemises GOLdman Sacs

can access on: rollingstonestone.com/Wall Street Bailout Hustle - nothing to surprise though.

PPT = Plunge Protection Team, a dubious consortium put together to arrest declines in u.S. equities, and restore order and confidence by deceiving the general public into believing it is "safe" to put their hard-earned money to work in rat-infested markets such as the U.S. stock market.