The perfect storm coming in Nov/Dec for a silver rise and an AUD fall?

[SpacePete]

I'm thinking there is potential for silver denominated in AUD to smash through AU$25 due to a perfect storm of factors that will crush the AUD.

The RBA may drop rates due to a worsening Australian economy, and in Dec the Fed may raise rates, not because it is a good idea, but because they seem to be slipping into a bit of "go fever" where they'll do it regardless of the consequences, and then the AUD will tank and silver (in AUD) will rise.

Let's see how things pan out for the last couple of months of this year. It could get interesting.

 

[Caput Lupinum]

December is going to be chock-full of economic goodness

27th November (If BoJ doesn't announce further easing tomorrow, they may push it back another meeting like the ECB has)

ECB - 3rd December

OPEC - 4th December

FOMC - 17th December

Spanish elections - 20th December

 

[SpacePete]

Dec it is then. Fun times for all.

And if all the data is just meh and no decisions are made then any expectations that have been priced in leading into Dec should strengthen the AUD.

 

[SilverDJ]

The RBA may drop rates due to a worsening Australian economy, and in Dec the Fed may raise rates, not because it is a good idea, but because they seem to be slipping into a bit of "go fever" where they'll do it regardless of the consequences, and then the AUD will tank and silver (in AUD) will rise.

If gold dips below AU$1600 again before then I might pick me some up, of the easy flipping pool kind.

 

[hiho]

i bet you the opposite happens

 

[sterling-nz]

No.

 

[mmissinglink]

The opposite of the reverse will possibly for certain happen with a 50/50 chance...for sure....I think




.

 

[SpacePete]

No.

AUD at the time of my post was ~71c so let's see where it is towards the end of Dec. along with the silver price.

 

[SpacePete]

We could all be surprised by an unexpected RBA rate drop earlier than expected. While I do kind of doubt they'll drop rates (and probably most of the market is also doubtful), I wouldn't put it beyond the realm of possibility. Imagine if they were to drop rates next week and what it would do to the AUD... and the silver price denominated in AUD.

 

[fishtaco]

Australia is the USA testing grounds! we accept a .2% home interest rate rise all while the reserve hasnt moved on rates! banks do it off their own back just when they have made record profits! Baaaaaaaa

This is all part of the grand plan and to do with when USA gave Australia Billions of dollars to re settle US citizens in oz!

Cant find the link to the US Au multi billion dollar payment as it has been removed from www. but open your eyes and ears if you dont believe me and notice just how many North Americans now all of a sudden call Australia home! The numbers will increase soon to the point where it becomes the norm and not so noticeable.

Australia got sold without our consultation.

 

[mmm....shiney!]

Love a game of prediction tennis: hiho v SP. :lol:

Kudos to you guys for putting your entire reputations on the line.

Edit to add: So in answer to an earlier question you had in another thread, I'd say an RBA drop hasn't yet been factored in to the value of the AUD.

 

[SpacePete]

Love a game of prediction tennis: hiho v SP. :lol:

Kudos to you guys for putting your entire reputations on the line.

LOL... When it comes to reputations I don't think we have much to risk :lol: Anyway, all predictions of large silver price rises in recent years have come to nothing and even I'd be more likely to bet on hiho being correct over me.

 

[SilverDJ]

Anyway, all predictions of large silver price rises in recent years have come to nothing

Yep, silver is going nowhere.
Very likely to go up in AUD though as the aussie dollar falls.

 

[Monsta]

Yep, silver is going nowhere.
Very likely to go up in AUD though as the aussie dollar falls.

If silver goes anywhere, it will be down and that will only be to dampen the AUD-denominated rise - not to stop it completely.

 

[fishtaco]

If silver goes down low low low its just a manipulation to stop the modern day 'awake minority" spreading the truth about true wealth you can hold and fondle!

Cyberspace numbers and figures are as dead in the water as the us$ is without constant war or terrorist fear mongering!

 

[phrenzy]

Love a game of prediction tennis: hiho v SP. :lol:

Kudos to you guys for putting your entire reputations on the line.

LOL... When it comes to reputations I don't think we have much to risk :lol: Anyway, all predictions of large silver price rises in recent years have come to nothing and even I'd be more likely to bet on hiho being correct over me.

Love the new avatar.

Regarding the price we've seen some pretty seriously range bound aud action for a long time now (within 10-15%) , I'm not sure that things will change hugely in the next few months.

 

[hiho]

Love a game of prediction tennis: hiho v SP. :lol:

Kudos to you guys for putting your entire reputations on the line.

LOL... When it comes to reputations I don't think we have much to risk :lol: Anyway, all predictions of large silver price rises in recent years have come to nothing and even I'd be more likely to bet on hiho being correct over me.

my punt is more in hope that you are correct Pete I'm happy to have a sullied reputation as long as we all win

 

[LovingtheSilver]

After a rate rise, the drop in Au/Ag (AUD) will be greater than the drop in AUD/USD. PMS will get nailed, but after the oversell.... Buy buy buy. Increase in rates or go negative? Time will tell.