i dont care what you believe about me .. i only care what smart people think ..not twits posting fear and doom ..with no logical foresight or understanding of market forces on AUD and how it Historically buffers the OZ economy from commodities collapses ..
the problem is this Period of falling IO pricesis the RBA was too slow to lower Interest rates ..while USA was near ZERO rates .. its unprecedented in World history.. so is taking RBA longer than usual to lower the AUD out of disbelief inflation is NOT spiking anywhere ..
and yet still the RBA has our Rates still too high at 2.5%
its all about the RBA rate v US rates .. we are too high in Australia.,,keeping AUD over 80c.
the AUD buffer effect we in OZ usually enjoy as a counter lever to falling commodities prices is slow to react thanks to a stubborn RBA .. ..
that RBA rate will change in 2015 regardless of Commodities up or down ..
BCI Price at posting:
49.5¢ Sentiment: None Disclosure: Not Held
BHP Price at posting:
$28.84 Sentiment: None Disclosure: Not Held
MGX Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
RIO Price at posting:
$55.97 Sentiment: None Disclosure: Not Held
AGO Price at posting:
14.7¢ Sentiment: Buy Disclosure: Held
FMG Price at posting:
$2.58 Sentiment: Buy Disclosure: Held
GRR Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
AJM Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
