As gold and silver go up, the AUD is matching the rise so Aussie prices have been static for a couple of days. There will be a point where the USD will rise and the AUD will slip accordingly. There will be a short window where metal will rise quickly. Whether there will be an opportunity to sell on this rise it depends how quick you move. For as sure as night follows day, the forces that raise the USD will crash the metal price.
No, just the normal ups and downs. The market crash won’t come for a while again, the armament stocks are back up again.
Still looking good for the metals. Hope everyone is on the train before it leaves the station! Toot toot!
I should post more topics like this in the future....because the opposite seems to happen....expect titles like "Bull run over for gold" etc, etc, I will be doing us all a favour.
There ya go...start the "George Costanza Opposite" thread where SS members can make economic and PM price predictions and we then all pile in and do the opposite.
Gold is going to break $2000. My advice, don't take ZH too seriously. It can make you lose money. ZH had been spreading the "there is no war" propaganda since Dec when the author knew war was going to happen.
its been less than a month, it bounce right back up again it seems the Ukraine situation is creating a lot of nerve wracking decisions people panic and dumping everything, but the ugly part in suspending the ETFs and buying them for pennies and including them on the sanctions lists, if one has that...lucky to be getting cents back. well not going to continue too long, so it will NOT GET DELETED for OFF fucking topic again
Even with an appreciating AUD v USD, it can't stop the rise in AUD Au price with USD gold price outpacing AUD exchange rate. If the AUD was where is was back late Jan 22 at circa 0.70, we'd be near all time AUD price highs but that's just an observation. Can't see the AUD coming off the boil for sometime given the rise in USD denominated receivables coal, oil, gas, iron ore prices and opportunity for Aust exporters of same to lock in some forward FX contracts to cover same to take advantage of price hikes...so the track to an AUD Au all time high I suspect will be longish one and still plenty of time for USD Au price to reverse if Putin pulls his head. If that happens, I think the decline in the USD Au price will way out pace the AUD decline against USD, thus then the whack down....Now I've said that...do I employ the "George Costanza" principle??
Interesting AUD Au chart right now...where this goes...higher highs or breaks back to the lower highs trend line...toss a coin or call Putin.
Its finally in the 2ks here in the states. Im not used to seeing that so it looks weird to me. Im sure ill adjust!
You can all thank me.......I haven't been this excited in gold prices for a long time....its like the old days of stackers before the first run up in gold prices.....great days....of course followed by a lot of not so great years....or should I say a decade....or about 1/7th of my life....now I am depressed.......It has taken over 10 years to get back where I started from......Perhaps I should have invested in Pokemon cards during this time...hmmmmm...............back on track....keeping on the theme.....Gold to get totally and completely whacked this year.....see if that works.