Massive Capital Wave Approaches Gold

I see gold went up 0.30% in Au$ and silver 58.89% in the last 6 months. For Y2Y its 12.50% and 89.02%. The only thing it say to me is that gold is still very much cheap in Aus. Take your profit you have make in silver to buy your gold.
 
69g6sx.jpg


Gold hits new ATH @1450 - Gold is on its way to $1500! :cool:

source of pic: www.silver-info.com
 
Forge said:
Go and look at the money supply charts for both countries. Then the exchange rates.

$0.90 won't be seen again without a major screw up on our part.

If it's business as usual then we'll be $1.20 soon enough. The market has finally accepted that the AUD is worth more than the USD; it would take an event of some nature to change that.
Click to expand...
And that event, in order to save our export dollar, is Julia Gillard.
 
boston said:
Forge said:
Go and look at the money supply charts for both countries. Then the exchange rates.

$0.90 won't be seen again without a major screw up on our part.

If it's business as usual then we'll be $1.20 soon enough. The market has finally accepted that the AUD is worth more than the USD; it would take an event of some nature to change that.
Click to expand...
And that event, in order to save our export dollar, is Julia Gillard.
Click to expand...

Regardless of the beat up over parity. It is just another number. it will not take a massive event to move from 0.9999 to 1.0001. Saying we will not see 0.90 again now is exactly like saying we would never see the AUD below 0.90 when it was at 0.98 in 2008. Like it or not, the AUD is just another currency, nothing special, and is the classic risk currency with commodities and a high interest rate differential. It is not different here.
 
Forge said:
Go and look at the money supply charts for both countries. Then the exchange rates.

$0.90 won't be seen again without a major screw up on our part.

If it's business as usual then we'll be $1.20 soon enough. The market has finally accepted that the AUD is worth more than the USD; it would take an event of some nature to change that.
Click to expand...

don't know about 1.20 or .90 but, in the short to medium term, I suspect your right. It's broken out to a new high. It will need a shock to see it drop much. The disaster in Japan wasn't enough to get it dropping much.

It's the best of both worlds though, strong currency and cheap money(Gold and silver)!
 
You must log in or register to reply here.
Back
Top