Aussie Dollar

Discussion in 'Currencies' started by Silverthorn, Nov 17, 2011.

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  1. Silverthorn

    Silverthorn Well-Known Member

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    I haven't been too worried about deflation talk as I suspected the aussie dollar would weaken an offset the decline in PM prices somewhat, though that won't do the miners much good price wise.

    With the eurozone still mucking about the risk is increasing somewhat and the aussie dollar is testing the down side support again. If we don't get some "good" news out of europe it could break lower.


    [​IMG]
     
    Silverthorn, Nov 17, 2011
    #1
  2. hiho

    hiho Active Member Silver Stacker

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    its found support here recently next leg down is .90
     
    hiho, Nov 17, 2011
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  3. JulieW

    JulieW Well-Known Member Silver Stacker

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    That is one scary chart!
     
    JulieW, Nov 17, 2011
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  4. BBQ

    BBQ Member

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    Late 2008 to mid 2009 = ouch.
     
    BBQ, Nov 18, 2011
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  5. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    And I went and bought a ton of crap off American eBay this week!

    With the poor exchange rate and paypal skimming off the top it will be expensive (relatively)
     
    Jislizard, Nov 18, 2011
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  6. Chilli

    Chilli Member Silver Stacker

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    We can watch any chart we want but with the current instability, we are all walking around blind.
     
    Chilli, Nov 18, 2011
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  7. Lav

    Lav New Member

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    I hate the paypal skimming :mad:[/quote]
    I ask if I can bank deposit all the time.
     
    Lav, Nov 18, 2011
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  8. Silverthorn

    Silverthorn Well-Known Member

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    down to the last low. with equities off so much it won't help the miners though.

    [​IMG]
     
    Silverthorn, Nov 23, 2011
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  9. Ikikyabut

    Ikikyabut New Member

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    Anyone got any idea where it is likely to end up?? Gold in Aussie dollars is still sitting in that 1700-1750 trading range since august apart from the minor dip in October. Aussie off, gold comming down but price remaining about the same.
     
    Ikikyabut, Nov 23, 2011
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  10. Silverthorn

    Silverthorn Well-Known Member

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    I suspect if it drops a bit further its going to take a real turn around in overseas news and markets to stop it going into another freefall. Need some good news soon.
     
    Silverthorn, Nov 23, 2011
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  11. Wout

    Wout New Member

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    looks like were on the verge of another huge drop imo, theres so many indicators out that something about to give and commodities are going to get hammered
     
    Wout, Nov 24, 2011
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  12. Silverthorn

    Silverthorn Well-Known Member

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    Silverthorn, Nov 27, 2011
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  13. Guest

    Guest Guest

    Amazing that the trade value of a unit of currency all comes down to psychology.

    But then again...
     
    Guest, Nov 27, 2011
    #13
  14. mmm....shiney!

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

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    Set to dive, and by dive i mean by 2.1 cents by 3:46pm tomorrow. Anyone?

    Edit to add; good news for PM holders, and for the government via CGT :/
     
    mmm....shiney!, Apr 30, 2012
    #14
  15. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    Im surprised we haven't seen a drop already with speculation interest rate cut is pretty much guaranteed.. i can't see a .25% cut bring on parity $US though, will see that after a couple negative factors.
     
    LovingtheSilver, Apr 30, 2012
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  16. mmm....shiney!

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

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    Agree, i thought we'd see one last week.
     
    mmm....shiney!, Apr 30, 2012
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  17. Silverthorn

    Silverthorn Well-Known Member

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    Yeah I'd think a .25% cut would've been priced in. My take a .5% cut to get a bit of a drop going.
     
    Silverthorn, Apr 30, 2012
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  18. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    I hope that it drops to where it should be, in the 80c range.
     
    Shaddam IV, Apr 30, 2012
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  19. mmm....shiney!

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

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    :) You may be waiting a while Jonesy
     
    mmm....shiney!, Apr 30, 2012
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  20. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    I know. As an Australian manufacturer and employer I have a vested interest.
     
    Shaddam IV, Apr 30, 2012
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