Australia's currency, stock markets, and banking system are likely to go through what the U.S. went thru 3 years ago. I have thought their currency to be bubbling for sometime... but I don't short things that are still going up - they have to break first, then I short. I think The Australian $ is doomed, the Canadian $ is over-priced, as is the Yen and the Euro... but the best opportunity to score big is betting against Australia.
Downunder is about to Slip under...
You heard it here first.... sort of. Those guys have been jumping up and down about the Aussie impending implosion... my money says it is here, now, and this is the moment - today's events were the breaking point.
---------------------------------------------------
ROFL!! What Rail system?
----------------------------------------------
The Baltic Dry Goods Index has fallen completely out of bed. Not a good sign for commodities or commodity currencies. Nor a good sign for industrial growth in China.
----------------------------------------------
Propaganda is everywhere... read this Drek on why you should step in front of a freight train regarding silver. To tired to pull it apart here, but the writer is worse than ill informed... he's FOS. Silver might go higher soon for all I know (though I doubt it... once a bubble gets popped its hard to put humpty dumpty together... even Silver), but not for any of the reasons this jerk lists.
------------------------------
Its all about Oil, and it ain't getting any easier to read the tea leaves. Except the Aussie $$. Party over.
------------------------------
Its all about Oil, and it ain't getting any easier to read the tea leaves. Except the Aussie $$. Party over.