Are the planets aligning for a tilt at an all time high in AUD?

Discussion in 'Gold' started by Applesmfc, Feb 3, 2015.

  1. Applesmfc

    Applesmfc Member Silver Stacker

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    Astonishing to think that given the extreme negative sentiment on this forum only a couple of months ago that the gold price in Australian dollars has turned so dramatically in such a short space of time. More junior Gold orientated stackers are likely now above water and given the way things are unfolding around the world this leads me to the question......

    Will we hit an all time high in AUD's this year?

    -Reserve bank cutting rates
    -Euro easing
    -Swiss un-coupling
    -Falling AUD

    It's starting to feel that way.

    Thoughts?
     
  2. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I could really go a beef and bean burrito
     
  3. Applesmfc

    Applesmfc Member Silver Stacker

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    I guess I should just go back to lurking and not contributing.

    My apologies.
     
  4. Phiber

    Phiber Well-Known Member Silver Stacker

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    I think you are correct and thanks for raising the topic.
    It certainly is quite astonishing and few would have predicted it.
    It does look like interest rates are going to head lower and if the momentum in gold continues, we could potentially indeed see an all time high this year. Will be interesting to see how things pan out!
     
  5. Golightly

    Golightly Well-Known Member Silver Stacker

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    Yes it does seem to be favorable conditions , the price doesn't seem to be stopping, would be better if it dragged silver along a little more too
     
  6. 1for1

    1for1 Well-Known Member

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    i feel for the stackers who quit in the new year.. always losers in the markets for every winner.. also multitutes of people profit taking at 15% increases etc into the bull running
     
  7. SilverDJ

    SilverDJ Well-Known Member

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    Yes. Last I checked we were only 9% off the all time AUD gold high.
    With the dramatic market swings (silver can and does swing 5% in a day), that could easily happen this month, and I suspect there is very good chance it will crack the high in the next few months.
     
  8. 1for1

    1for1 Well-Known Member

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    But for now gold has just gone negative.. quite a big change from $10+ up
     
  9. No1joey

    No1joey Member Silver Stacker

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    Well I decided to take the bankers deal and cashed out today. Starting up a new business so the cash is going to a good home. In during 2009 out in 2011, in 2014 out 2015. I will be back.

    Six figures into gold in October, took a lot of balls to do it but that's what you got to do. Gold was getting a good bashing in the media around that time so goes to show everyone don't let Bloomberg, ABN Amro or Goldman Sachs or anyone tell you what's what, if you can see the writing on the wall then that's all that matters. I made a good example of that, 20% in 13 weeks. Up yours gold bears.
     
  10. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    Even at today's intra day high I think we're a solid 15% off the aud high, but that's back if the envelope calculation. Couldn't find the actual figure in aud for some reason though so I took the September '11 FX rates and all time high and figured it that way but that leaves plenty of room for error.

    As long as good stays above $1650 aud until my recent scrap purchase arrives I'll be happy. That $15 usd nose dive doesn't look nice but it's happened si fast I'm sure it's something temporary like a market hand over.

    Plenty of oil companies waiting to report earnings in the states yet, that could very well throw a spanner in the works of US equities which is the alternative world safe haven at the moment. A couple or three 200+ point down days could really give silver and gold a boost. US equities are starting to look a little over bought and any company surg foreign exposure is suffering. I think we're getting closer and closer to towards a bigger run to safes havens outside of US equities/bonds/currency. The US isn't as much of an island as they think and wish they are.
     
  11. SilverDJ

    SilverDJ Well-Known Member

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    Sept 6th 2011 was AUD$1781
    Right now AUD$1648
    So we are only 8.1% away from the all time record high. That's bugger all.

    Gold just dropped 2.1% in the last few hours.
    And silver just dropped 2.7% in the last few hours as well
    You can seriously day trade PM's for a profit...
    Nothing to see here, move along now.
     
  12. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    I must have gotten the exchange rate wrong, I had it at around $1.02 and the USD high if $1923 but that can't be right.
    We are very close then. It would be nice to see the sl time high but come thanks to a 30% drop in the aud but a win is a win.
     
  13. Applesmfc

    Applesmfc Member Silver Stacker

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    Wow!!

    $72 down in a few hours since creating this thread. That's some serious movement!!!
     
  14. SilverDJ

    SilverDJ Well-Known Member

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    Indeed.
    But silver is even more volatile. 4-5% daily movements are now considered normal. Silver is down 4.4% today, and just jumped 5% the other day.
     
  15. Golightly

    Golightly Well-Known Member Silver Stacker

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    In a market as large as the gold one I can't see how it can have an 11% drop over 12 hours.... I'm calling shenanigan!!
     
  16. 1for1

    1for1 Well-Known Member

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    Extremely strange movement.. kitco charts everything positive .. then their is gold.. seems like a clear take down by the PPT.. gold strength is fiat weakness...
     
  17. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    It could have been pretty good for anyone who was able to time the overnight peak and sell, then put the profits back onto gold on the dip (assuming the price delta exceeded their transction costs by a reasonable amount).
     
  18. Phiber

    Phiber Well-Known Member Silver Stacker

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    yes could have! But the same could be said for any stock or other play.
    In the end timing is not something you can accurately forecast. Or the ones who can don't bother visiting the forum, too busy sucking on cocktails on their yacht from some tropical paradise somewhere :)
     
  19. 1for1

    1for1 Well-Known Member

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    Gold just spiked up $10.. some major news? hope this is a big up night XOX
     
  20. Revils

    Revils Well-Known Member Silver Stacker

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    And when you're trying to save money to buy a place in Europe and all the talk is on how much the Euro is dropping and you still can't even get the average exchange rate of the last 5 years because the AUD is dropping even more than the Euro...
     

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