Massive Capital Wave Approaches Gold

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

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  1. AU 79 ... 196.97

    AU 79 ... 196.97 New Member

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    I see gold went up 0.30% in Au$ and silver 58.89% in the last 6 months. For Y2Y its 12.50% and 89.02%. The only thing it say to me is that gold is still very much cheap in Aus. Take your profit you have make in silver to buy your gold.
     
    AU 79 ... 196.97, Apr 5, 2011
    #21
  2. Silvermoney1979

    Silvermoney1979 New Member

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    Silvermoney1979, Apr 5, 2011
    #22
  3. goldpelican

    goldpelican Administrator Staff Member

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    $1461 USD tonight... another record.
     
    goldpelican, Apr 6, 2011
    #23
  4. Lord Dragon

    Lord Dragon Member

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    AUD is back over $1.04 also. All we are seeing is a weakening dollar. Gold and silver only up a little in AUD.
     
    Lord Dragon, Apr 6, 2011
    #24
  5. The Accountant

    The Accountant New Member

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    Curse you Aussie dollar! Fall, Fall, Fall and let Gold get a wriggle on.
     
    The Accountant, Apr 7, 2011
    #25
  6. boston

    boston Well-Known Member Silver Stacker

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    And that event, in order to save our export dollar, is Julia Gillard.
     
    boston, Apr 7, 2011
    #26
  7. euphoria

    euphoria New Member

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    Regardless of the beat up over parity. It is just another number. it will not take a massive event to move from 0.9999 to 1.0001. Saying we will not see 0.90 again now is exactly like saying we would never see the AUD below 0.90 when it was at 0.98 in 2008. Like it or not, the AUD is just another currency, nothing special, and is the classic risk currency with commodities and a high interest rate differential. It is not different here.
     
    euphoria, Apr 7, 2011
    #27
  8. Silverthorn

    Silverthorn Well-Known Member

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    don't know about 1.20 or .90 but, in the short to medium term, I suspect your right. It's broken out to a new high. It will need a shock to see it drop much. The disaster in Japan wasn't enough to get it dropping much.

    It's the best of both worlds though, strong currency and cheap money(Gold and silver)!
     
    Silverthorn, Apr 7, 2011
    #28
  9. Silvermoney1979

    Silvermoney1979 New Member

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    Will Gold hit $1500 next week?
     
    Silvermoney1979, Apr 10, 2011
    #29
  10. JulieW

    JulieW Well-Known Member Silver Stacker

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    yes
     
    JulieW, Apr 11, 2011
    #30
  11. JulieW

    JulieW Well-Known Member Silver Stacker

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    or, maybe, no
     
    JulieW, Apr 11, 2011
    #31
  12. JulieW

    JulieW Well-Known Member Silver Stacker

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    it depends.
     
    JulieW, Apr 11, 2011
    #32
  13. Silvermoney1979

    Silvermoney1979 New Member

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    Silvermoney1979, Apr 13, 2011
    #33
  14. Gold Kiwi

    Gold Kiwi New Member Silver Stacker

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    I sure hope so. I just had a bank term deposit mature and immediately put all of the cash into buying more gold.
     
    Gold Kiwi, Apr 14, 2011
    #34
  15. Silvermoney1979

    Silvermoney1979 New Member

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    Hey, Gold's correction is really over - New All Time High @ $1478 :D
     
    Silvermoney1979, Apr 15, 2011
    #35
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