Let's talk AUD!

Discussion in 'Markets & Economies' started by sammysilver, Dec 2, 2020.

  1. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    when the processors cannot make money. they should stop buying to work on the iron. Then import would automatically come to a hold.
     
  2. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,191
    Likes Received:
    1,346
    Trophy Points:
    113
    Location:
    Qld
    no its supply vs demand.
    The price will change once Brazil can start producing again. their production has been smashed by covid. thats why prices are high.
    we are the only country currently running on all cylinders So we have the monopoly right now. But this isnt a long term thing, Brazil has been known to undercut us on price but they cant right now when they are being smashed by covid.
    china is just crying because they dont want to deal with Aus any more but cant ditch our iron as they have little choice.
     
    barneyrubble and 66rounds like this.
  3. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    4,171
    Likes Received:
    1,143
    Trophy Points:
    113
    Location:
    North Sydney
    AUD will fall, now australian coal is banned
     
  4. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Gold still weak, even in USD.
     
  6. nicotineandcaffeine

    nicotineandcaffeine Active Member

    Joined:
    Sep 26, 2020
    Messages:
    126
    Likes Received:
    76
    Trophy Points:
    28
    Location:
    Oz
    Of course but its a shit load easier when you no longer have to pretend independence, power is concentrated and transparency is even less.
     
    leo25 likes this.
  7. nicotineandcaffeine

    nicotineandcaffeine Active Member

    Joined:
    Sep 26, 2020
    Messages:
    126
    Likes Received:
    76
    Trophy Points:
    28
    Location:
    Oz
    Not while USD is falling

    wouldn't surprise me if iron ore revenue is increasing then coal revenue from China actually increases.
     
    sgbuyer likes this.
  8. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    2,986
    Likes Received:
    3,385
    Trophy Points:
    113
    Location:
    Melbourne
  9. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    No one knows where the AUD or any exchange rate will go. Unless the RBA lifted the OCR 1-2% then there's no certainty what the AUD will do especially in a world where many of the western countries are using the same economy crushing methods to deal with Covid plus cranking the printing presses / raising debt to stimulate the economy.

    Ask 30 economists and you'll get 30 different views....all just as valid as weather forecasters and fortune tellers.

    [​IMG]
     
    madaw1, sammysilver and 66rounds like this.
  10. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,605
    Likes Received:
    4,392
    Trophy Points:
    113
    Fixed it for ya ;)
     
    Oddjob and leo25 like this.
  11. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,925
    Likes Received:
    6,515
    Trophy Points:
    113
    Location:
    Sydney
    AUD is 76.66 tonight!
     
    66rounds likes this.
  12. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

    Joined:
    Jun 23, 2010
    Messages:
    1,772
    Likes Received:
    611
    Trophy Points:
    113
    Pisst if it can bust the. .76 resistance... Next step is. .80
     
    kilo likes this.
  13. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    Extract below from a 29 June 2020 ABC news article in which they asked a group of economists to forecast various Australian economic indicators ie GDP, inflation, unemployment etc...including where the AUD / USD rate will be come 31 Dec 2020...No surprise, only 2 of 23 remotely close and and for good measure, not one of the below dart throwers got within a bulls roar of the current iron ore spot price (29 Dec 2020) of circa USD160t. :D:D:D:D:D:D




    https://www.abc.net.au/news/2020-06...stralia-weak-recovery-getting-weaker/12398728


    upload_2020-12-31_0-0-10.png
     
    clear and Stoic Phoenix like this.
  14. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    I don't mind an appreciating AUD v USD...may help to keep the AUD gold and silver prices stable / down a tad which is good if you a buyer.

    Given the history of the AUD / USD rate, it goes down like it did in 2001/2, then up again, 2010, then back down...Traders love the AUD, one of the most traded (7th most traded from memory).

    Last time (and it was a few years back), I calculated for sh$ts & giggles the AUD / USD average rate since 1983. Was circa 0.72 ish. so current level not far past long term average.

    upload_2020-12-31_0-20-37.png
     
    GF, 66rounds and sgbuyer like this.
  15. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,925
    Likes Received:
    6,515
    Trophy Points:
    113
    Location:
    Sydney
    My belief is that the factors that will cause the AUD to drop will also drop metal prices. However, I think the AUD will drop considerable more resulting in a marked increase in the cost of metals. Meantime now is a good time to buy.
     
    sgbuyer and GF like this.
  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Maybe for gold, but silver may drop more than AUD? Buying gold in AUD made a lot of sense a month ago. Now isn’t too bad either. I suspect there will be action next month that will propel gold, a repeat of a year ago.
     
  17. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,925
    Likes Received:
    6,515
    Trophy Points:
    113
    Location:
    Sydney
    .77 as we speak. Keep buying the metal of your choice.
     
    Silverling likes this.
  18. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia

    Yes, indeed. I always read my annual horoscope. It's always more accurate than the economy pundits with their fanciful predictions .

    In fact if I'd taken last year's advice I'd have bought Bitcoin at its low. ( electric energy rules! lol.)
     
    sammysilver likes this.
  19. Court Jester

    Court Jester Well-Known Member Silver Stacker

    Joined:
    Jul 30, 2012
    Messages:
    3,502
    Likes Received:
    276
    Trophy Points:
    83
    Location:
    Gold Coast QLD
    bit coin $47,000 AUD -- keep buying teh crypto of your choice
     
  20. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,925
    Likes Received:
    6,515
    Trophy Points:
    113
    Location:
    Sydney
    It’s a race to the biggest crash!
     

Share This Page