Let's talk AUD!

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

  1. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Metal prices are up.
    The AUD is up.
    Metal prices are not as up as they could be because the AUD is up.
    Traditionally what forces metals up is the same cause as the AUD being up, in that the USD is down.
    The USD being down is usually because stocks are up.
    However stocks are up is usually a cause of metals being down.
    If stocks and metals are up it is because the USD is significantly down.
    The AUD is approaching 74 cents.
    In March it was 57 cents.
    Australia has the thirteenth largest economy in the world.
    Can the AUD rise and fall independently from the US?
    Will the loss of the China market tank the AUD?
    As the Stackeratti with holdings in metals a weak AUD is good.
    As newbies, a weak AUD is bad.
    Where is the AUD heading?
     
  2. Jason1

    Jason1 Well-Known Member

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    the way things are operating right now as far as stock market and economics right now, nothing makes much sense. Its like bizarro world
    trying to figure all out is doing the heads in of even the most experienced economists around the country,lol
    nothing makes much sense right now
     
    Last edited: Dec 2, 2020
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  3. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Yes.

    The US government are the masters of currency debasement.
     
  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    They are trying to sell fake as real. Fake election, fake milk, fake eggs, fake gold, fake pmi, fake everything.
     
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  5. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    you mean "TRUMP administration are the masters of currency debasement"
     
  6. alor

    alor Well-Known Member Silver Stacker

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    heading down under
     
  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    The Fed hasn't changed.
     
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  8. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    I'm no fan of Donald J Trump, but the debasement of the U.S Dollar began long before he entered into office.
    Abe Lincoln issued the first unbacked greenbacks.
    Woodrow Wilson established the Federal Reserve system.
    Richard Nixon closed the gold exchange window.
     
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  9. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Not the first by any means, just one in a long list of central banker puppets. And now we have Biden and Kamala.
    I love the rights we used to have!

    Mandatory gun buybacks here we go.....
     
  10. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    But TRUMP made USD to rock bottom in steroids!
     
  11. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    The lowest the USD Dollar Index (DXY) ever reached was 70.698 on March 16, 2008 during the final year of the Bush Administration.
     
  12. alor

    alor Well-Known Member Silver Stacker

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  13. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    MMT is about merging treasury and central banks and removing indepdence therefore USD keep falling (oversupply of money and losing international confidence)

    Medium term AUD up because of USD and very strong economy compared to most countries.




    True but in fairness to Abe is was only temporary in extreme circumstances.
     
  14. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    If your rationale were true then the AUD would also be falling.

    It may keep falling and international confidence in it may decline, but it’s not because MMT is a merger between treasuries and central banks because it’s not and it’s not because CBs are losing independence because they’re not independent.

    It’s COVID, it’s China, it’s stimulus, it’s commodities, it’s we’re not masters at currency debasement.
     
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  15. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I'm now believing that AUD will increase because of the increasing iron ore price. Further, cyclones in Northern Queensland over summer will put upward pressure on iron ore prices thus keeping the AUD high.
     
    Last edited: Dec 14, 2020
  16. leo25

    leo25 Well-Known Member Silver Stacker

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    central banks and governments have never been independent. Read some of the literature from the early 1900s, they talk about how the fed will facilitate government spending. (You scratch my back and I’ll scratch yours) Remember the basis of MMT was openly talked about during the Great Depression almost 100 years ago.
     
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  17. barneyrubble

    barneyrubble Well-Known Member Silver Stacker

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  18. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Talk of Reserve Bank extra stimulus next month, AUD down?
     
  19. leo25

    leo25 Well-Known Member Silver Stacker

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    Bad news is good news these days, so AUD will probably go up.
     
  20. alor

    alor Well-Known Member Silver Stacker

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    up due to record high of Iron ore price
    ?
    Aud strengthen vs Usd
     

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