I think the focus is now the US economy. The moment we get some negative reports will be the moment that those that are now speculating on the dollar will take profit and then they will buy back in in the markets that were down due to the rising dollar. A fast rush that tilts the price like 15% up. Buying opportunity gone.
That'll be AUD $118 and $4,860 Aussie dollar stronger than the worlds reserve currency? Lasted a lot longer than I thought it would have but I have no doubt it's not something that is sustainable..... unless Joe Public is right in saying that Keating caused world wide high interest rates when he was PM and Howard caused world wide sub-inflation interest rates when he was PM
Further QE would further serve the AUD to appreciate. The AUD being under or over $1 USD, has no sway in my mind as to the strength of either. If definitions had of been different, an AUD could be worth 700 USD or .007 USD, it is an arbitrary number, and simply coincidence that they are roughly equal in number at the moment. Edit - I'm not convinced that the AUD will go to 50 UScents though as you suggest
say QE3 occurs in march, gold in USD goes up, but so does the AUD. in QE1 and 2, was it better to have bought before or during the QE? how long after QE does it take for gold to reach its peak?
I'll become more, as SouthernCross says, pedantic. And I don't want to. I think it's got to do with getting older
I like Silver as part of a portfolio .No idea what it will be in 12 months? Keep an eye on the top 4 banks for good fully franked dividends. Study prices in Qld for Agricultural Land that is drought proof.For the right land that has water allocations you can rent to small crop farmers at 6% and own part of Australis's food bowl before it's all sold to China. Unemployment will likely rise to maybe 6-6.5%. The Euro may be disbanded. There will be some really bad news from Syria.
This is a great thread. Thanks to all those who've contributed. Based on the technicals, but also a little fear of economic factors, I see the a possibility of gold and silver dropping in the short term. The floors should be approx gold 1380usd and silver 21usd. This would be in place over the next 6 months or so if it happens. I think there's longer term possibilities for gains, but I'm starting to question if I have the stomach to watch prices tank. I'm considering a sell and rebuy later... but of course if we rebound now, I'd be kicking myself In addition to predictions, I'd be interested to hear if people are selling/have sold or are buying strong in anticipation of a price boom. At the moment I see a lot of WTS posts in the trading forum. Is this a trend? Thanks
The WTS is the silver tree shaking off those who aren't holding on tight enough I agree though, I definitely see a short term pm price plunge and I think the amounts you suggested are pretty close to what I have been thinking. Peace
I also think we will see $23 ish for silver and $1490aud for gold within the next six months then $36 and $1630 at years end. As for buying or selling. I'm buying while the price is below my aggregate price. So I'm buying up to $34.50
Rodrigo's plan for 2012: 1) Buy a repo house with 30 year fixed @ 4% 2) Buy silver bars monthly with my milk money 3) Cash out 401K and Roth since US econ is crap, and paper money is doomed to fail 4) Buy more silver and small loose diamonds 5) Buy more guns and stash them in strategic places in repo house 6) Horde canned food 7) board up house and wait for zombie apocalypse
I predict there will be an increasing frequency of "natural" disasters which wipe out large population groups. (HAARP) I predict that the US will invade Iran and Russia will attack the USA.
Many calls seem a long way off but much can happen before the year's out. I still dont get how the AUD is supposed to die in the arse though. Doesnt a devalued USD and Euro keep our dollar high?
My prediction to myself that the stock market would drop significantly after Obama's election didn't work out. I now think that there is so much momentum in the markets that 2013 will give lots of buying opportunities in the metals. I also expect Oz to have a recessionary mindset for the year and things to start sliding. But what do I know? It's all just darts on the board. I just pray it all holds together since the alternative is extremely frightening.
