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The Economy

Australian dollar might reach 30 cents

DXY firmed Friday night: AUD fell: With North Asia: Oil popped, gold dropped: Copper is one man base metals band: The miner retest gathers pace: EM puked: But junk was firm: Yields whoa! A stock correction may finally be here: We are experiencing another cyclical pop in inflation that has...
www.macrobusiness.com.au www.macrobusiness.com.au
 
Article is a bit extreme .
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southsport said:

Australian dollar might reach 30 cents

DXY firmed Friday night: AUD fell: With North Asia: Oil popped, gold dropped: Copper is one man base metals band: The miner retest gathers pace: EM puked: But junk was firm: Yields whoa! A stock correction may finally be here: We are experiencing another cyclical pop in inflation that has...
www.macrobusiness.com.au www.macrobusiness.com.au
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Australia's population Ponzi scheme hits tipping point

Australia’s population Ponzi economy has hit peak stupidity, with BuildSkills Australia estimating that Australia requires an additional 90,000 construction workers to meet the Albanese government’s target of building an average of 60,000 homes per quarter for five consecutive years. Master...
www.macrobusiness.com.au www.macrobusiness.com.au
 
We get told that we need immigrants to build the homes we need, but honestly when was the last time you drove past homes being built and the tradies were Indian or Chinese?, the govt " and both parties do it" are killing this country and its quality of life, 2000 people a day but no new hospitals, dams, roads, if ever there was a need for a referendum its re this issue, immigration..
southsport said:

Australia's population Ponzi scheme hits tipping point

Australia’s population Ponzi economy has hit peak stupidity, with BuildSkills Australia estimating that Australia requires an additional 90,000 construction workers to meet the Albanese government’s target of building an average of 60,000 homes per quarter for five consecutive years. Master...
www.macrobusiness.com.au www.macrobusiness.com.au
Click to expand...
 
Bluey said:
We get told that we need immigrants to build the homes we need, but honestly when was the last time you drove past homes being built and the tradies were Indian or Chinese?, the govt " and both parties do it" are killing this country and its quality of life, 2000 people a day but no new hospitals, dams, roads, if ever there was a need for a referendum its re this issue, immigration..
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Agree totally Bluey, "big australia" immigration rates are destroying the east coast and Sydney in particular, I can only envisage youth suicide rates escalating as they seem to have no future.
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Had expected a pullback but Gold has been really bullish, not sure on why so strong but not so crazy when you look at Bitcoin, which is really crazy, how anybody can buy that story is beyond me, our gold producers will get quite a giddy up next week.

Gold Price Australia

GOLDPRICE.ORG - The number 1 web site for Australia spot gold price charts in ounces, grams and kilos.
goldprice.org goldprice.org
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It is not just NSW, in QLD people on acres who have more than 1 caravan on their property are being forced to remove all but 1 caravan from their property & leaving people homeless. The rental crises up here is as bad as anywhere, & in some cases appears worse if you believe the news.
 
Not 100% sure what is driving the price of gold atm but what a run, up 20% in 6 months, had expected a healthy pullback, we have a few worldwide armed conflicts but nothing so new and serious that you could point to as the reason for golds moonshot, gold stocks to boom monday.
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Bluey said:
Not 100% sure what is driving the price of gold atm but what a run, up 20% in 6 months, had expected a healthy pullback, we have a few worldwide armed conflicts but nothing so new and serious that you could point to as the reason for golds moonshot, gold stocks to boom monday.
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I'd say it's being driven by instability, when people see problems ahead then gold goes up.
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