Sinking Aussie Dollar Pointing to Tough Times Down Under.

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In this report, I look at the technical picture for the Australian dollar versus the U.S. dollar and the price of gold. I also explain why all fiat currencies and not the just the Aussie dollar will continue to sink or lose purchasing power.

I also look at an article in the FT that points out how the Australian currency could be telling us that a slowdown in China and the world for that matter is imminent.

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2 comments
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All currencies, including the Euro are all fighting technical support levels, but the big trouble ahead are the Emerging Market countries which issued debt in USD. Paying back interest in USD denominated notes, increase the requirements for USD, in addition to further death spirals of these countries.

Posted via Steemleo

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Thanks again for the education, Maneco64. I agree, get a little Precious Metal while you still can.

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