GOLD 0.51% $1,391.7 gold futures

My 10 cents worth. Give Skol a break. US shares in AUD are going...

  1. 804 Posts.
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    My 10 cents worth.
    Give Skol a break.
    US shares in AUD are going to bounce off resistance - RSI is 30 for the 10yr chart for VTS - Vanguards total US market in Aud.
    Armstrong sees shares as tangible - gold is tangible too maybe and taxable but you are not going anywhere with it and there just isn't enough to sort the 300 trillion out there in debt.
    Good time to get with the trend.
    Bonds are the bubble and as socialist Governments everywhere collapse the USD and US shares is going to be the place to be.
    Gold could very well correct down to $1000US in such a scenario.
    US rates will go up - sign of a booming economy and Fed in the US can't tank the pension funds. (this is Martin Armstrong's opinion too as contrary to opinion markets have risen with interest rate rises in the past just as much as they have fallen)
    I reckon Trump will do a deal with Chinese on tariffs - how about no tariffs between China and US - time to get aboard the sharemarket maybe?
    Socialist Europe and the UK are going to implode. Australia with Shorten - ? maybe a risk too.
    Get with the trend in US shares and the reserve currency is my bet - maybe buy some gold if it gets down to $1000US towards the end of this year maybe.. maybe.

    More of a feather duster than a rooster with investing- just offering a different viewpoint to most on this thread. Sort of a reformed goldbug so feel that Skol and some of the other contrarians here need a hug !

    Happy New Year everyone
 
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