gold doing nothing again ----+++, page-7

  1. 2,572 Posts.
    Wolfie
    Perhaps you should extrapolate the current trends a bit further into the future to see the future for A$POG
    Assuming USA $ devaluing further (current trend), point is reached where US demand for imports severely slows . . . . resulting in significant slow down in production (Asia slow-down) . . . . resulting in Oz economy slow-down (we rely heavily on raw material exports) . . . . resulting in weakening of A$ (even against a weakening US$)
    At that stage (if things continue in the direction of today's trend) be prepared to see A$POG rocket
    As with most things, it's all a matter of your frame of reference and timing
 
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