Australia won’t officially raise interest rates next year, or not by any significant percentage, and not at all early in the year. Imo.
If so- * The AUD - the Australian Dollar can remain low through 2022. This would be in line with being preferred proxy Chinese currency hedge - if Chinese economy continues to slow next year. (unless global currency traders decide otherwise) * Commodities may not do much but I do think Gold price rise next year will occur. *Gold not doing anything much has been good and this long period of consolidation has been good for POG compared to all other commodities in 2021.
Always that risk Gold drops in a false break of trading range to even low $1600s. On balance the need for safehaven for money flows and investment for longterm against inflation in years ahead, and a needed longterm POG increase— I think sometime we see over $1920 and into the $2000s ahead.
I guess we shall see. Tough few months ahead maybe? (Especially in the US markets?)
RRL Price at posting:
$1.86 Sentiment: Buy Disclosure: Held
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