$2400 Gold

madaw1 said:
I hope too,but I'm afraid that AUD will go down sooner than later and gold will rise even more....
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There is a great chance Aud will drop, if RBA cut cash rate which they may need to do it for stimulating market and exporting to overseas.
 
JulieW said:
Considering the Australian dependency on an economically strong China (currently fast disappearing), the AUD is headed down and will give us $2400 sooner rather than later. I thought we'd see AUD at 60c, but I think 50c is entirely possible.

My exit plan was predicated upon an initial sale of 50% of my tiny hoard at $2400, and 50% again at $3000, however considering the State of the World, I may revise those marker points.
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Makes sense Julie, would you be upping or lowering your marker points ?
 
Selling at AUD highs also depends on what you had the gold for in the first place. If it was mostly a hedge against the AUD, then yes, selling at the high is a good idea. But if it's a longer term bullish gold reason, then maybe better off to let it run.
 
SilverDJ said:
Selling at AUD highs also depends on what you had the gold for in the first place. If it was mostly a hedge against the AUD, then yes, selling at the high is a good idea. But if it's a longer term bullish gold reason, then maybe better off to let it run.
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My selling of gold is based on the relative price to stocks. If stocks collapse, I may sell some gold and buy high dividend stocks.
 
I'm expecting sideways xauaud - xauusd proportional to audusd.

madaw1 said:
The people eventually has realized ,there is no other secure investment like gold...
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I really dislike cultish thinking. When you are down to us and them, we few know the truth marketing like in crypto and silver, you know you are in all sorts of strife!
 
pennys said:
I'm expecting sideways xauaud - xauusd proportional to audusd.



I really dislike cultish thinking. When you are down to us and them, we few know the truth marketing like in crypto and silver, you know you are in all sorts of strife!
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It could be cultish as long as you make money...
 
Someone backed up the truck on kilobars, more than 30 kilobars disappeared when I checked in the afternoon. Let’s see if they will appear tomorrow.
 
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