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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- gold $2,000 next year
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