@Ophir @Slim Wanderer @Seth Davis @Hyperion Silver @AverageJoe...

@Ophir
@Slim Wanderer
@Seth Davis
@Hyperion Silver
@AverageJoe
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@AverageJoe

Watching the AUD/USD at the moment, that will be the biggest driver at the moment for gold prices for the short to medium term.

I expect the new Fed Reserve chairman to increase rates and the RBA to hold.

Household debt is far too high in Australia for the RBA to increase without triggering a housing downturn or correction. Sydney house prices already slightly falling. When US raise rates the US 10 year bond rate will be higher than AUS 10 year bond rate and I expect the AUD/USD to fall. This will drive Gold prices in AUD term upwards. Gold may fall in USD but I will be more focused on the AUD/USD exchange rate to be the driver for Australian gold miners.

Currently with the government dual citizenship fiasco I expect there may be more "dual citizens' lurking. John Alexander will be a good litmus test for the government with one domino to fall then the next dominoes to fall in the coming months. Turnbull's declaration for sitting government MPs is a whitewash. Next year I expect Turnbull to be stifled with the inability to pass or do anything to fix the budget deficit and with the dual citizenship mess for credit agencies to downgrade Australia's credit rating which will force banks irrespective of what the RBA does to increase rates. This increase will hurt mortgage stressed loans. In turn you would expect downward pressure on the AUD/USD.

Will be interesting when the tide goes out to sea who has been swimming naked, as they say. Probably a lot people given the number of reported "liar loans''. A lot of Australians living "lifestyles'' funded by drawing down on their home loans.

Good times ahead. Probably not.....