Club Mulgoa

Monday, April 30, 2012

ASX in the near term

Tomorrow, the interest rate will have to fall.  The Australian economy is being strangulated by the relatively high interest.  AUD is also too high in value.  If you want to change your dough to other currencies, why wait?  But then the market would have already factored that in.

My portfolios have been very disappointing but I am not a short-term investor.  POG cannot keep rising as investors will sell.  Neither can it drop much because central banks will buy to boost their reserves.  Also it costs a lot of money to explore, mine and purify the metal.

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