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phrenzy said:
Everyone was talking aboutthe aussie falling but at this rate we might end up at parity.
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Yeah, I was one of them. I was expecting the AUD to drop to 80 or lower, but now that prediction is looking about as likely as $40 silver.
 
SilverPete said:
phrenzy said:
Everyone was talking aboutthe aussie falling but at this rate we might end up at parity.
Click to expand...
Yeah, I was one of them. I was expecting the AUD to drop to 80 or lower, but now that prediction is looking about as likely as $40 silver.
Click to expand...

Problem is interest rate differential to other countries in the western world encourages carry trade, unless rba intervenes on currency or cut rates (what nz did), AUD strength will remain.
 
I had thought they were going to pretty actively aim for somewhere around 75 cents to kick start exports...I know there are other considerations like the housing market but all the reading I have done recently seemed to think that way and now without any particular reason given all the experts have stopped talking about it.

I suppose the new QE in the states isn't helping. Still it's not the end of the world, theoretically the actual purchasing power of your money is unchanged. Just have to buy everything online in USD...
 
phrenzy said:
I had thought they were going to pretty actively aim for somewhere around 75 cents to kick start exports...I know there are other considerations like the housing market but all the reading I have done recently seemed to think that way and now without any particular reason given all the experts have stopped talking about it.

I suppose the new QE in the states isn't helping. Still it's not the end of the world, theoretically the actual purchasing power of your money is unchanged. Just have to buy everything online in USD...
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Currency intervention is usually the last tool any central bank will use, after all they prefer a free economy where the mkt determines the price. Right now the gdp growth, unemployment rate and inflation is somewhat stable, so safe to say RBA will leave things as it is or remain "neutral" as they would call it.
 
darkclark said:
looks like both metals going into free fall whats that all about
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Anticipation of certain words coming from a 60 year old womans mouth in Washington DC in approx. 5 hours from now.

Talk about speculative.. I really couldn't care less if gold dropped $200 by the time I wake up in 7 hours I'd still hold onto my stack and keep adding to it. F#$@ the market.
 
phrenzy said:
Silver was at $17.20 a week ago, right now it's at $17.18. Not exactly the great crash.
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Haha the charts just look deceiving. I looked at them earlier and was like ITS GOING DOWN...and then saw the price value and noticed it was only a couple cents.
 
No1joey said:
darkclark said:
looks like both metals going into free fall whats that all about
Click to expand...

Anticipation of certain words coming from a 60 year old womans mouth in Washington DC in approx. 5 hours from now.

Talk about speculative.. I really couldn't care less if gold dropped $200 by the time I wake up in 7 hours I'd still hold onto my stack and keep adding to it. F#$@ the market.
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Lol that's the spirit, half of the world's currency valuation is determined by this 60yr old woman. Powerful grandma she is!
 
That would be bigs in this forum but he has to be online to take the order. If you buy a tube he does OPM or buffalo rounds for $1.50aud over spot. That's only $20 a round. I doubt you'll find much better than that.
 
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