Slight pull back in gold prices overnight, whilst the strong AUD rally saw AUD gold almost fall back through $1400. Tepid recovery on share markets overnight,...

Slight pull back in gold prices overnight, whilst the strong AUD rally saw AUD gold almost fall back through $1400. Tepid recovery on share markets overnight, and will be interesting to see what happens on the Nikkei after yesterday's bloodbath, but no 'love' from Fed Speakers overnight regarding taper, and data from US was lukewarm CBO managed to both please and anger the WhiteHouse last night, saying deficit will fall but Obamacare will cost jobs Bigger question for me re deficit is who funds it once the Fed turns tap off, and how can that possibly happen without hurting global growth. Either it's capital flight from Emerging Markets, or it's money sitting in the US right now, which if it goes to Washington, won't be going into Capex or hiring in the private sector. more detail here (VIEW LINK)