Market Insights 24th May

Big moves in global markets yesterday as US Fed’s Bernanke raised the prospect (not certainty) of easing back on the money printing this year and weaker China figures.  Stock markets plummeted while bond yields and the USD bounced (forcing down the AUD to a low of USD95.9). 2 things:- could this just be a tester to ‘prove’ that they ‘couldn’t possibly’ ease off, and a reminder you buy gold and silver in USD so with UBS forecasting the Aussie at US90c and Credit Suisse US85c within 12 months you get a double shot of potential gains.