Massive Capital Wave Approaches Gold

Discussion in 'Gold' started by silver$100, Mar 31, 2011.

  1. silver$100

    silver$100 New Member

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    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 .
     
  2. Ernster

    Ernster New Member

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    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
     
  3. PrettyPrettyShinyShiny

    PrettyPrettyShinyShiny Well-Known Member

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    I just got some extra Au in my stack.. I'll keep it safe inside my fortress of silver :D
     
  4. rbaggio

    rbaggio Active Member Silver Stacker

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    I reckon when gold hits $1500, the AUD goes to USD 1.05 or higher.
     
  5. JulieW

    JulieW Well-Known Member Silver Stacker

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    Why the Aus dollar prediction rbaggio?
     
  6. adrenalin

    adrenalin New Member

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    AUD and Gold tend to follow each other.
     
  7. Mickroy

    Mickroy New Member

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    Bring it... few more oz on board today.
     
  8. rbaggio

    rbaggio Active Member Silver Stacker

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    This. Or more specifically, Gold and weakening USD tend to trend together.
    * gold rallies
    * USD weakens
    * gold stays net the same in USD :/
     
  9. JulieW

    JulieW Well-Known Member Silver Stacker

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    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 But now the US dollar is on its knees perhaps the formula is no longer applicable?
     
  10. Nugget

    Nugget Well-Known Member Silver Stacker

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    I think that many of the old rules won't apply in the near(ish) future and everything is up for grabs. Peak everything :/
     
  11. even flow

    even flow New Member

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    yeah, the next big "flight to safety" could be into gold...
    just need a trigger :p
     
  12. Silvermoney1979

    Silvermoney1979 New Member

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    silence before the storm?!
     
  13. The Accountant

    The Accountant New Member

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    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?
     
  14. Dwayne

    Dwayne New Member

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    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.
     
  15. The Accountant

    The Accountant New Member

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    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.
     
  16. Gold Kiwi

    Gold Kiwi New Member Silver Stacker

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    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.
     
  17. Dwayne

    Dwayne New Member

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    So why AUD then?
     
  18. Gold Kiwi

    Gold Kiwi New Member Silver Stacker

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    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
     
  19. Dwayne

    Dwayne New Member

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    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.
     
  20. Forge

    Forge Member

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    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.
     

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