AUSSIE DOLLAR HOW FAR WILL IT GO, page-2

G'day silk1810,

Most Australian economists are speculating that A$ will buy about 60 US cents by years end.

I am not as optimistic on the U.S economy however. I believe the A$ will be trading at between .65 and .68 U.S cents.

Your second question - essentially, if the A$ appreciates, it is more common than not the US$ is depreciating, hence producing a higher price of gold which is measured in U.S$ primarily.

Are you bullish on the POG or the A$?

If your are bullish on the POG and wish to trade currency, you could look to the swiss franc or the South African rand.

I maintain what I said on Hotcopper on January 3 this year:

1. I will be buying Euro dollars.

2. Holding Australian dollars.

3. Buying lots of gold.


Regards