GOLD 0.51% $1,391.7 gold futures

Isnt the market a marvellous place We can all have our own...

  1. 119 Posts.
    Isnt the market a marvellous place

    We can all have our own opinions , share others, and make our own decisions on directions of markets, commodoties and the like.

    For what its worth my view is contrary to this view , and I feel we will see a stronger aussie dollar, 70c ish in the first quarter , but over the mid term I am expecting to see gold pull back to 450 US .

    Why ?

    I see a slowing in India, china, Brazil , and countries who have seen a wealth rise, and have been buyers of gold in large amounts for jewellery.

    As Gold tends to be a fashionable commodity rather than a infrastructural one like copper , oil etc it in my opinion will suffer from a lack of buyers , and to much product.

    Hose me down guys if you choose !

    I hold no gold stocks but like PPX (paper) BHP (copper) and RIV (coal ) and hold these

    I also have holdings in CNP (Shop centres) ,BNB I like the wind assets ), PGC (aged care) , MCL ( communications) and lost a truck load chasing falling knives with ABS, and AFG
 
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