Pound = $ 1-64
Oct 4th 2011, 11:28 am
#242
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: Pound = $ 1-64
That's my prediction for the next few months anyway
Oct 5th 2011, 12:19 am
#243
Account Open
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: Pound = $ 1-64
....but with the latest figures out of China, the absolute risk averse global situation at the moment, along with the RBA signalled rate cut and the property market finally starting to tank a bit, I'd have to revise 'normal' to heading closer to 1.70 now.
That's my prediction for the next few months anyway
That's my prediction for the next few months anyway
My prediction is a spike to $1.95 or maybe $2.00, between now and xmas. Then a sharp drop back to 1.50.
Oct 5th 2011, 1:10 am
#244
BE Enthusiast
Joined: Jun 2007
Location: The "Gong"
Posts: 433
Re: Pound = $ 1-64
I think you guys are right.
I see another mini sept 08 coming
Worrying times
I see another mini sept 08 coming
Worrying times
Oct 5th 2011, 1:22 am
#245
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: Pound = $ 1-64
Place your bets
roll the dice.....
Only thing you can be sure of its currently as unpredictable as you can get
roll the dice.....
Only thing you can be sure of its currently as unpredictable as you can get
Oct 5th 2011, 5:48 am
#247
...giving optimism a go?!
Joined: Jun 2007
Location: Brisbane (leafy, hilly western suburbs)
Posts: 2,202
Re: Pound = $ 1-64
This trend down towards 60p is quite disconcerting after the last few months of 64-66p
Oct 5th 2011, 6:02 am
#248
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: Pound = $ 1-64
I believe the trigger will be the Greek default, for which most of the analysts now agree will probably take place by December, if not earlier....
Oct 5th 2011, 6:29 am
#249
Possum. Amiculum. Latrina
Joined: Jan 2011
Location: Footloose
Posts: 3,427
Re: Pound = $ 1-64
I can't really see another round of QE - No one's convinced printing more cash will do much. 'fraid it's a decade of anaemic growth. I'd be surprised if the GBP /AUD goes much higher than 1.7. I think the markets have overreacted to the prospect of Greece leaving the Euro and when they actually do - markets and resources will rise again. 'sell the rumour buy the fact' ..
Oct 5th 2011, 7:01 am
#250
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Pound = $ 1-64
I'm actually in the process of developing a football betting system because I'm convinced I'll lose money less quickly than with trading the financial markets.
Oct 5th 2011, 8:57 am
#251
BE Enthusiast
Joined: Sep 2004
Location: London - but only until I can afford to move back to Sydney
Posts: 938
Re: Pound = $ 1-64
I can't really see another round of QE - No one's convinced printing more cash will do much. 'fraid it's a decade of anaemic growth. I'd be surprised if the GBP /AUD goes much higher than 1.7. I think the markets have overreacted to the prospect of Greece leaving the Euro and when they actually do - markets and resources will rise again. 'sell the rumour buy the fact' ..
Oct 5th 2011, 9:48 am
#252
Possum. Amiculum. Latrina
Joined: Jan 2011
Location: Footloose
Posts: 3,427
Re: Pound = $ 1-64
I think that's factored in already - not sure when to pounce but there are some good value stocks around now. Euro collapse - stronger what? Greenback, AUD, sterling, gold?
Oct 5th 2011, 12:45 pm
#253
BE Enthusiast
Joined: Sep 2004
Location: London - but only until I can afford to move back to Sydney
Posts: 938
Re: Pound = $ 1-64
I've been getting into gold and cash (AUD,GBP and BRL) but plan to buy more stocks next time the markets have a panic which I am pretty sure isn't too far away.
Oct 6th 2011, 2:34 am
#254
Forum Regular
Joined: Mar 2010
Posts: 171
Re: Pound = $ 1-64
If the EU collapses expect commods and AUD to be slaughtered, Gold will also fall at first in the mass liquidation, Silver even more.
^ just my guesses....
P.S. Good luck picking any bottoms, not as easy as it sounds.
Last edited by coldbeer; Oct 6th 2011 at 2:39 am.
Oct 6th 2011, 2:43 am
#255
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Pound = $ 1-64
If silver ever drops to under $10 again I'm mortgaging the house and backing up the truck...