UBI sounds great. Where do I sign up? I'll take some of that.
Gold at ATH.....what do your tea leaves say?
- Thread starter mybullion.com.au
- Start date
From Capital Flows @Globalflows on X, he's a macro analyst:
He argues that the doomsday scenarios are too easy and lack imagination.
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Oz bank credit or US? What type of credit? It's easier to track down US data thanks to FRED:
More from Capital Flows:
Some Oz stats:
Source: Trading Economics
Source: Trading Economics
Credit and broad money growth in Australia:
Im heading home from Aspen this morning so I'll hit up some coin shops on the way.
Hopefully find something good!
Hopefully find something good!
Technicals are suggesting a short term correction. I think the fundamentals haven't shifted though so a potential short-term correction offers a buying opportunity. You can see since the bull run began in earnest late 2023/early 2024 that when the price peaks and then touches the 50DMA it falls through getting very close to the 100DMA (if not touching it), which puts any short term reversal in that top support/resistance zone around the 3000 - 3100 zone.
Any thoughts? Will it get below 3K or bounce off?
Any thoughts? Will it get below 3K or bounce off?
^ that's probably at a fundamental level isn't it as opposed to a technical?
Interestingly there is a school of thought out there that argues for a bull market under Trump, they're in the minority at the moment I'd say as the bears seem to be dominating. If that is the case I don't see such an outcome being necessarily detrimental to the price of gold on a medium to long term basis though as there are underlying issues associated with bonds, budgets, FX rates etc that won't go away.
Interestingly there is a school of thought out there that argues for a bull market under Trump, they're in the minority at the moment I'd say as the bears seem to be dominating. If that is the case I don't see such an outcome being necessarily detrimental to the price of gold on a medium to long term basis though as there are underlying issues associated with bonds, budgets, FX rates etc that won't go away.
betterinvestmentthanshare
Well-Known Member
Moodys downgrades the US credit rating from AAA to AA
S&P Global warns Australia that its AAA credit rating is in jeopardy after Labor’s election spending promises
S&P Global warns Australia that its AAA credit rating is in jeopardy after Labor’s election spending promises
Credit ratings are largely meaningless for countries like the US and Aus which can only default deliberately.
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Imagine someone making 20k a year owing 10 million haha.
Would they still have a AA rating? It's just a construct, means nothing.
Would they still have a AA rating? It's just a construct, means nothing.
Remembering of course that a nation's finances doesn't need to be managed in the same way as a business, therefore the whole notion of credit ratings for the US government is pointless because credit risk largely doesn't exist.
Yeah what he said.
Vroom! Vrooooom!
It broke up out of that flag on the way to another sccccoooooooooorrrrrrrrre.
Fundamentals are driving the price around uncertainty. The price is going to be volatile as long as Trump keeps releasing marketing balloons after hours only to walk them back again a few days later.