Hi readers
A great deal of questions so rather than responding by email, thought it would be better to post for all to see.
1. You stated previously that China will be the catalyst for a disaster, China just lowered growth is this the start?
Glad you remembered, yes China didn't have a problem signing it's free trade agreement because it knows that slowing growth domestically will cut imports while opening the door for exports.
Countries need to focus on there strengths and stick to them.
Under 8% growth spells trouble for Australia, that is not rocket science as Australia has put all its eggs in one basket.
2. When are you going to be updating daily.
I've just obtained my license again to recommended, while I don't intend to I can update on more futures markets.
3. How strong do you see the US$ getting, as want to plan holiday.
I do see the dollar get far more stronger, 105-110 is next stop..US DOLLAR INDEX.
If your American enjoy it's your time for the next 2 years.
4. How low does the A$ go.
We have seen over the last couple of weeks that no longer do interest rates work.
So cutting rates is only excellerating the move down.
It's my personal opinion that the 60-63 level should hold.
5. How long is this cat and dog game will continue in the market?
I think it's smart for you not to become sucked into becoming a Y gen punter in the Stockmarket, as has been the case in Europe and the U.S.
People with no idea have had to put there life saving into the Stockmarket hope to obtain a comfortable return.
Stockmarket over the next 18 months is a gamblers paradise.
Opportunities will come where good companies will be very cheap then that would be the time to buy and forget about them and enjoy the recovery.
But that's not now!
6. I know your a bear on gold but for how long?
Gold in my view is a waste of money, you don't buy things with gold coins.
So gold is just to preserve wealth, not to grow wealth unless your a trader.
Right now gold is expensive, sure if gold was trading around $300-400 that would be cheap to buy and hold but at these current levels it's not worth it.
It's the same with oil, silver or even copper, it's a supply and demand issue.
In a slowdown prices come down.
Yes interests always will talk up the price and the need to buy now as prices will increase.
But the truth:: we can do without and wait until price comes to our level.
Same can't be said for grains or soft where people have to eat and weather controls prices.
A great deal of questions so rather than responding by email, thought it would be better to post for all to see.
1. You stated previously that China will be the catalyst for a disaster, China just lowered growth is this the start?
Glad you remembered, yes China didn't have a problem signing it's free trade agreement because it knows that slowing growth domestically will cut imports while opening the door for exports.
Countries need to focus on there strengths and stick to them.
Under 8% growth spells trouble for Australia, that is not rocket science as Australia has put all its eggs in one basket.
2. When are you going to be updating daily.
I've just obtained my license again to recommended, while I don't intend to I can update on more futures markets.
3. How strong do you see the US$ getting, as want to plan holiday.
I do see the dollar get far more stronger, 105-110 is next stop..US DOLLAR INDEX.
If your American enjoy it's your time for the next 2 years.
4. How low does the A$ go.
We have seen over the last couple of weeks that no longer do interest rates work.
So cutting rates is only excellerating the move down.
It's my personal opinion that the 60-63 level should hold.
5. How long is this cat and dog game will continue in the market?
I think it's smart for you not to become sucked into becoming a Y gen punter in the Stockmarket, as has been the case in Europe and the U.S.
People with no idea have had to put there life saving into the Stockmarket hope to obtain a comfortable return.
Stockmarket over the next 18 months is a gamblers paradise.
Opportunities will come where good companies will be very cheap then that would be the time to buy and forget about them and enjoy the recovery.
But that's not now!
6. I know your a bear on gold but for how long?
Gold in my view is a waste of money, you don't buy things with gold coins.
So gold is just to preserve wealth, not to grow wealth unless your a trader.
Right now gold is expensive, sure if gold was trading around $300-400 that would be cheap to buy and hold but at these current levels it's not worth it.
It's the same with oil, silver or even copper, it's a supply and demand issue.
In a slowdown prices come down.
Yes interests always will talk up the price and the need to buy now as prices will increase.
But the truth:: we can do without and wait until price comes to our level.
Same can't be said for grains or soft where people have to eat and weather controls prices.
