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#1 2016-07-31 06:21:52

willrocks
Silver Stacker
From: Yesterday
Registered: 2012-05-10
Posts: 7,578
Trades :   29 

New Dollar Doom Date - 27th Sep 2016

I always wonder how the doomsayers can be so accurate ... right down to the exact day. lol

https://www.youtube.com/results?search_ … ember+2016


"You can ignore reality, but you cannot ignore the consequences of ignoring reality." - Ayn Rand

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#2 2016-07-31 06:30:49

whinfell
Silver Stacker
From: Australia
Registered: 2012-03-22
Posts: 3,263
Trades :   42 

Re: New Dollar Doom Date - 27th Sep 2016

Is this the next Shemitah? hmm

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#3 2016-08-10 07:48:41

goldenspike
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From: Victoria, Australia
Registered: 2016-08-10
Posts: 26
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Re: New Dollar Doom Date - 27th Sep 2016

Well the AUD/USD has passed 77 today.  I see the talking heads claim 73 is more a long term level though.

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#4 2016-08-10 18:09:20

Gullintanni
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Registered: 2016-06-15
Posts: 255
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Re: New Dollar Doom Date - 27th Sep 2016

My "guess" would be that the NZD will be back trading at $1.40 (currently $1.37) in 3 weeks time.
The NZD/USD is something i follow and every time a rate drop occurs we have swift movement before returning to where we started.
I would say (as a very very amateur spec) that this is due to a genuine lack of trust in the USD.
15 years ago a drop in interest rate would have resulted in dropping the NZD vs USD and it would remain down until interest rates next change.
This does not seem to work with the NZD any longer.
I have noticed the NZD used to trade for USD anywhere between  $1.14-$1.60 but the new NORMAL is in the $1.37-$1.41 range and it does not matter what happens it will not budge.
We shall see though, i have no skin in the game other than being a Kiwi.

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#5 2016-08-10 18:11:32

SpacePete
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Registered: 2014-03-01
Posts: 13,078
Trades :   119 
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Re: New Dollar Doom Date - 27th Sep 2016

whinfell wrote:

Is this the next Shemitah? hmm

Is it Shemitah time again? When should I start praying?


The law's duty is to protect the innocent, not to make them prove their innocence.

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#6 2016-08-10 19:28:41

BuggedOut
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From: New South Wales
Registered: 2015-07-21
Posts: 1,678
Trades :   35 

Re: New Dollar Doom Date - 27th Sep 2016

Sept 26?

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#7 2016-08-10 20:21:04

sammysilver
Silver Stacker
From: Sydney
Registered: 2011-04-07
Posts: 5,415
Trades :   188 
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Re: New Dollar Doom Date - 27th Sep 2016

SpacePete wrote:
whinfell wrote:

Is this the next Shemitah? hmm

Is it Shemitah time again? When should I start praying?

I run a prayer meeting every Wednesday at 12 noon in the CBD. All brethren are invited.


The price we pay for the good life is public servitude.

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#8 2016-08-11 02:06:29

brexitbaby
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From: Depends On Who Is Asking.
Registered: 2016-06-30
Posts: 267
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Re: New Dollar Doom Date - 27th Sep 2016

goldenspike wrote:

Well the AUD/USD has passed 77 today.  I see the talking heads claim 73 is more a long term level though.

I heard today that 10c lower is the appropriate level,yep 67c sounds good to me = 10% more Gold for free  cool


FEAR - is the Domain of the Weak and Ignorant.

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#9 2016-08-11 02:22:06

Caput Lupinum
Silver Stacker
From: Silver Stackers forum
Registered: 2012-06-17
Posts: 4,962
Trades :   11 

Re: New Dollar Doom Date - 27th Sep 2016

brexitbaby wrote:

I heard today that 10c lower is the appropriate level,yep 67c sounds good to me = 10% more Gold for free  cool

lol

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#10 2016-08-11 03:02:53

SilverDJ
Member
From: Australia
Registered: 2014-11-01
Posts: 2,488

Re: New Dollar Doom Date - 27th Sep 2016

brexitbaby wrote:
goldenspike wrote:

Well the AUD/USD has passed 77 today.  I see the talking heads claim 73 is more a long term level though.

I heard today that 10c lower is the appropriate level,yep 67c sounds good to me = 10% more Gold for free  cool

When the AUD drops, price of gold in AUD goes UP, not down DOWN.

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#11 2016-08-11 03:13:48

Caput Lupinum
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From: Silver Stackers forum
Registered: 2012-06-17
Posts: 4,962
Trades :   11 

Re: New Dollar Doom Date - 27th Sep 2016

Actually at some point I'm expecting the AUD and US dollar gold price to diverge. My theory is Australia's economy will tank before the US economy dragging the AUD down and gold alone will not enough to offset the decline.

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#12 2016-08-11 03:45:50

JulieW
Silver Stacker
From: Australia
Registered: 2010-10-14
Posts: 10,903

Re: New Dollar Doom Date - 27th Sep 2016

Caput Lupinum wrote:

Actually at some point I'm expecting the AUD and US dollar gold price to diverge. My theory is Australia's economy will tank before the US economy dragging the AUD down and gold alone will not enough to offset the decline.

2018?

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#13 2016-08-12 09:28:58

goldenspike
Member
From: Victoria, Australia
Registered: 2016-08-10
Posts: 26
Trades :   

Re: New Dollar Doom Date - 27th Sep 2016

the aud to crack 80c looks a big ask and 67 a very big support level so theres a 15% or so band that can be traded in if ppl are so inclined.

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#14 2016-08-12 15:56:25

Gullintanni
Member
Registered: 2016-06-15
Posts: 255
Trades :   

Re: New Dollar Doom Date - 27th Sep 2016

Well it has been 2 days? since RBNZ cut rates and the NZD is already moving back to pre cut position:)

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