Hi guys, More and more BIG money is pouring into Gold according to this article http://www.kitco.com/ind/charnock/mar292011.html ("Massive Capital Wave Approaches Gold") Another evidence: "If you consider the last three trading days in Gold (have a look at the chart), every single intraday decline was strongly bought - which means that many people, big boys are positioning themselves." source: www.silver-info.com/goldprice-behavior.htm ( 2011 - 03 - 30 ; 04:45 pm) I think, a big gold rally is lying ahead of us. Gold will hit $1500 very soon .
I think Gold is due for a rally. The last 6 months or longer have been pretty boring for you Gold bugs. Good luck to all you, hope the price makes some big gains soon. - just a silver stacker
This. Or more specifically, Gold and weakening USD tend to trend together. * gold rallies * USD weakens * gold stays net the same in USD :/
I thought it was US dollar up - Aus down and in times of flee to safety gold up and US dollar up. But now the US dollar is on its knees perhaps the formula is no longer applicable?
I think that many of the old rules won't apply in the near(ish) future and everything is up for grabs. Peak everything :/
Pretty basic question but if Gold is generally denominated in UD fiat ( which we convert) - will a decline in the AUD Vs USD send the AUD gold price north?
all other things being equal, then yes... and that is one of the things that got me into holding precious metals in the first place, as a hedge against currency drop.
I'm with you Dwayne - just had a briefing with Westpac who are calling 0.90c by June 2012 and they are not alone in this call. US may raise interest rates slightly by end of year and if that interest rate differential narrows our honeymoon against US may be over - I figure this will be worth at least 10% for AU.
I'm wondering what the AU/NZ cross rate will do. It's currently at a historical low and I want to move some of my fiat out of the NZ dollar. I'm not sure whether moving some of it to AUD at this time would be a good move or not. One more major disaster like the Christchurch earthquake would destroy the NZ economy. It's simply too small to cope.
Several reasons: 1. Because it's one of the few "safe" fiat currencies, if you can call any of them safe 2. It's easy for a kiwi to open an Australian bank account 3. I'm thinking about possibly moving to Melbourne
Fair enough, it's certainly the "best of a bad bunch at the moment" at least. If China doesn't slow down and the commodity bubble is still in place then I'm going to guess that the AUD isn't going to lose too much against the NZD in the next year. NZ has it's own headwinds at the moment as you point out and I can't see anything changing too much in the next litte while.
Go and look at the money supply charts for both countries. Then the exchange rates. $0.90 won't be seen again without a major screw up on our part. If it's business as usual then we'll be $1.20 soon enough. The market has finally accepted that the AUD is worth more than the USD; it would take an event of some nature to change that.