Let's talk AUD!

sammysilver

sammysilver

Well-Known Member
Silver Stacker
Metal prices are up.
The AUD is up.
Metal prices are not as up as they could be because the AUD is up.
Traditionally what forces metals up is the same cause as the AUD being up, in that the USD is down.
The USD being down is usually because stocks are up.
However stocks are up is usually a cause of metals being down.
If stocks and metals are up it is because the USD is significantly down.
The AUD is approaching 74 cents.
In March it was 57 cents.
Australia has the thirteenth largest economy in the world.
Can the AUD rise and fall independently from the US?
Will the loss of the China market tank the AUD?
As the Stackeratti with holdings in metals a weak AUD is good.
As newbies, a weak AUD is bad.
Where is the AUD heading?
 
the way things are operating right now as far as stock market and economics right now, nothing makes much sense. Its like bizarro world
trying to figure all out is doing the heads in of even the most experienced economists around the country,lol
nothing makes much sense right now
 
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Jason1 said:
the way things are operating right now as far as stock market and economics right now, nothing makes much sense. Its like bizarro world
trying to figure all out is doing the heads in of even the most experienced economists around the country,lol
nothing makes much sense right now
Click to expand...

They are trying to sell fake as real. Fake election, fake milk, fake eggs, fake gold, fake pmi, fake everything.
 
Not the first by any means, just one in a long list of central banker puppets. And now we have Biden and Kamala.
I love the rights we used to have!

Mandatory gun buybacks here we go.....
 
sammysilver said:
Where is the AUD heading?
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MMT is about merging treasury and central banks and removing indepdence therefore USD keep falling (oversupply of money and losing international confidence)

Medium term AUD up because of USD and very strong economy compared to most countries.




Roswell Crash Survivor said:
Abe Lincoln issued the first unbacked greenbacks.
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True but in fairness to Abe is was only temporary in extreme circumstances.
 
nicotineandcaffeine said:
MMT is about merging treasury and central banks and removing indepdence therefore USD keep falling (oversupply of money and losing international confidence)
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If your rationale were true then the AUD would also be falling.

It may keep falling and international confidence in it may decline, but it’s not because MMT is a merger between treasuries and central banks because it’s not and it’s not because CBs are losing independence because they’re not independent.

It’s COVID, it’s China, it’s stimulus, it’s commodities, it’s we’re not masters at currency debasement.
 
I'm now believing that AUD will increase because of the increasing iron ore price. Further, cyclones in Northern Queensland over summer will put upward pressure on iron ore prices thus keeping the AUD high.
 
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nicotineandcaffeine said:
MMT is about merging treasury and central banks and removing indepdence .
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central banks and governments have never been independent. Read some of the literature from the early 1900s, they talk about how the fed will facilitate government spending. (You scratch my back and I’ll scratch yours) Remember the basis of MMT was openly talked about during the Great Depression almost 100 years ago.
 
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