Aussie Dollar

Silverthorn

Silverthorn

Well-Known Member
I haven't been too worried about deflation talk as I suspected the aussie dollar would weaken an offset the decline in PM prices somewhat, though that won't do the miners much good price wise.

With the eurozone still mucking about the risk is increasing somewhat and the aussie dollar is testing the down side support again. If we don't get some "good" news out of europe it could break lower.


258_aussiedollar.png
 
And I went and bought a ton of crap off American eBay this week!

With the poor exchange rate and paypal skimming off the top it will be expensive (relatively)
 
We can watch any chart we want but with the current instability, we are all walking around blind.
 
Anyone got any idea where it is likely to end up?? Gold in Aussie dollars is still sitting in that 1700-1750 trading range since august apart from the minor dip in October. Aussie off, gold comming down but price remaining about the same.
 
I suspect if it drops a bit further its going to take a real turn around in overseas news and markets to stop it going into another freefall. Need some good news soon.
 
looks like were on the verge of another huge drop imo, theres so many indicators out that something about to give and commodities are going to get hammered
 
Amazing that the trade value of a unit of currency all comes down to psychology.

But then again...
 
Set to dive, and by dive i mean by 2.1 cents by 3:46pm tomorrow. Anyone?

Edit to add; good news for PM holders, and for the government via CGT :/
 
Im surprised we haven't seen a drop already with speculation interest rate cut is pretty much guaranteed.. i can't see a .25% cut bring on parity $US though, will see that after a couple negative factors.
 
LovingtheSilver said:
Im surprised we haven't seen a drop already with speculation interest rate cut is pretty much guaranteed.. i can't see a .25% cut bring on parity $US though, will see that after a couple negative factors.
Click to expand...

Agree, i thought we'd see one last week.
 
LovingtheSilver said:
Im surprised we haven't seen a drop already with speculation interest rate cut is pretty much guaranteed.. i can't see a .25% cut bring on parity $US though, will see that after a couple negative factors.
Click to expand...

Yeah I'd think a .25% cut would've been priced in. My take a .5% cut to get a bit of a drop going.
 
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