I enjoy reading this thread, lots of different views. I see some tough times ahead for Australia and even tougher if we don't get a change in Government. We need some stability ASAP. First step is to get rid of the Carbon tax and stop taxing the miners and reduce the red tape...(no greens will help, renewable energy sounds good but not very realistic right now)
It looks like USA is back on track for the moment. If it continues, this "should" help support China and the rest of Asia because they will be supplying more products and volume to USA as their disposable incomes increase as Unemployment drops??
At the end of the day, China is not the only Asian country which will require Australia resources. I don't think the resources boom is over and I don't think Gold will go below $1000 but anything is possible in the market. The big money has the power to manipulate the prices as low as they want...Gold is becoming more expensive to mine and I think gold will still have it place in the mix for generations to come...
I hope the gold fall has been overdone and we form a base around this level or a bit higher..
good luck all investors, this is not the kind of market for the faint hearted.
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