Trillions of $ of government debt and Quadrillions of $ of interest rate derivatives says otherwise - it cannot go 20% again - doubt it can move up 0.5%
Even with the rate cuts has anyone seen personal loans or credit cards under 10%? Id be very curious to know what the personal loan rates are in the countries with super record low rates. I know it's generally a no no but if you can get sub 3% loans it might eventually be worthwhile borrowing to buy physical.
Happened again twice last night. got to $1601 then Boom crash! Today we hit 1598 and the brakes have been applied.. analytics are telling me this is in fact a sell off point or point where govt intervene to maintain strength vs actual money.. we shall see what happens today but i think either currency or gold price itself will prevent a substantial rise over 1600.. hoping it cracks it though. joe
EU is about to move fast fingers desks...... Watch closely from tonight on.... could be interesting. this is due to what is about to happen on oil prices and inventories..... watch this space....
I like these levels.... volumes are not telling the full story yet but..... next week could be interesting times to "MAYBE" make another purchase IMHO..... See how we go...... I'm obviously talking GOLD only.... not silver.... Have a great weekend all
VOLUMES finally showing up...... fingers in the trigger now.... needs confirmation perhaps tonight..... loving it !
I've decided to wait and not buy in yet.... I don't like what the FED's are mumbling at the moment...... I will watch what happens next week..... with all the quarterly earnings on the way now....
That's what redraw facilities on your mortgage are for. Get a "loan" any time you want at your current home loan rate.
So you'd rather take out a personal loan at say 10% instead of getting the same money at 5%? If you do you are a fool. Any financial adviser will tell you to never to pay off your home loan, it will always be the cheapest loan you will ever get.
