What's your prediction on the Australian Dollar?

[SYD]

Dropping today maybe US government shutdown averted for 2 weeks might have something to do with it

or US Fed holding interest rates steady again.

 

[SydneySwan]

I think the little Aussie battler got a touch of vertigo above 70 US cents and needs to rest before surging again.

 

[leadman]

Quoting from Mitsui Metals: " Market was extremely volatile across metals, and still is. Asian time zone all metals shot up then consolidated. Copper hit record level $14527.50 in Asia morning, fell sharply to $13500 level around 3pm London time, then closed at $13705."
Their daily LME reflects this;


Poor old lead, still the same. Big question is, will it be like the 2007 run, and that was all China and demand? This time demand doesn't seem to be there. Note it's the 3-month price, not CP.

 

[AuSammy]

Poor old lead, still the same.

As stable as the poster?

 

[ethernet]

AUD should increase above usd and below THB. So far it still hovers 50 pence, yet UK is really economically stressed. I don't care as all my cash went up because it was all in GOLD bought incrementally - never in one hit. I even sold my Cwth Bank shares at 170ish to all in on gold. I also cashed in my old super fund, as it could not earn much above 11%, and it takes 2 weeks to get the proceeds, some of which I will invest in MOO. If EU wont buy gas or fertilizer from Russia, then they will get scalped over price. Term deposits are for losers.

 

[RSD]

Quoting from Mitsui Metals: " Market was extremely volatile across metals, and still is. Asian time zone all metals shot up then consolidated. Copper hit record level $14527.50 in Asia morning, fell sharply to $13500 level around 3pm London time, then closed at $13705."
Their daily LME reflects this;
View attachment 493871

Poor old lead, still the same. Big question is, will it be like the 2007 run, and that was all China and demand? This time demand doesn't seem to be there. Note it's the 3-month price, not CP.

Volatility is the word of the week I think - and strangely the Orange One hasn't been a major cause of it.

@leadman do you have a link to that Mitsui information or is it only available by subscription?

As for lead - it is very stable, I don't know what price Rosslyn Hill need to get their Wiluna lead mining operation up and running again but it has been on care and maintenance for over 10 years now.