I see the Australian dollar as a strong currency trading very cheaply. Australia is a commodity-based economy, so with stronger commodity prices the currency should do better.
Interest rates are up and that increases the cost to hold gold.
That's giving gold a little impetus today. Producers are still absorbing the higher costs, but once that gets passed down, that's going to drive inflation.
The currency is doing better. People always expect the worst when these crises start. But as time goes by, people get more confident the situation isn't that bad.
We don't know what the UN will do concerning Iran.
We may see another bout of gold buying next week on inflation concerns.
We should be going into a consolidation period and prices should be going lower from here.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.