$2600 Gold

66rounds said:
The question is how will the AUD be acting during this pattern. I doubt we will ever see USD parity again but will we drop as low as 0.50. if so then it doesn't matter what spot looks like, it's a good time to buy right up until 1900 usd
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This is spot on.

The AUD is the bet, not the price of gold.
 
If the AUD/USD goes to 50c fuel will nearly be $2 a litre. Now that would suck big time. I think I'll just buy a Prius or a scooter to get around.
 
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66rounds said:
Looks like we might retest $1600 USD anyway. Definitely will try to keep buying gram by gram. Are you still accumulating?
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In and out depending on my liquidity. Sometimes it's time to sell, sometimes to buy. I have a plan and I'm happy with progress to date.

I have my eye on a toy I'd like so I'll probably sell a little shortly. That will mean a repurchase plan over the next little while, if that makes sense.

I forget who told me that one can use gold to be one's own central bank, but it is excellent advice. The above is a small example of one way that I interpret that wisdom: "Print cash against your own bullion reserves."
 
JulieW said:
In and out depending on my liquidity. Sometimes it's time to sell, sometimes to buy. I have a plan and I'm happy with progress to date.

I have my eye on a toy I'd like so I'll probably sell a little shortly. That will mean a repurchase plan over the next little while, if that makes sense.

I forget who told me that one can use gold to be one's own central bank, but it is excellent advice. The above is a small example of one way that I interpret that wisdom: "Print cash against your own bullion reserves."
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That is very good advice and something I've been trying to teach my family.
 
Is Au taking a breather? Hasn't moved much from $1650 USD ?! Markets hv gone bananas again, but spots aren't moving north...? Lots of offloads?!
Please explain
 
66rounds said:
Looks like we might retest $1600 USD anyway. Definitely will try to keep buying gram by gram. Are you still accumulating?
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if it gets back to $1600-$1620, I might get another batch. I’m not buying gold for capital appreciation but rather to reduce my SGD.
 
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66rounds said:
How stable is the SGD compared to AUD?
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SGD tracks USD to some extent although it is not pegged like HKD. At the moment, it is appreciating against the AUD. It was almost parity to AUD when I joined the forum. Now, it’s about 1.08 AUD per SGD.

This is why Alor said silver is in a bear market. Because in SGD it hasn’t appreciated enough to offset the coin premiums. However, in AUD, silver trade is already profitable even if the stack is dumped at dealer buy price.

When the USD finally weakens, silver will fly. Industrial demand don’t matter. But the AUD may strengthen when that happens as this would happen when the commodity bull run begins.
 
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slavaja said:
I'm confused too, margin calls?
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Major players need USD to pay down calls and positions under threat is my guess Long term holders may also be cashing in.

It could also be a bit of rampant manipulation as well to keep it suppressed
 
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