Quote:
Originally Posted by Rodstar
Well, there may be some light at the end of the tunnel....
http://www.forecasts.org/ausd.htm
I might just keep ferreting away for the time being, and hope the forecasters are right.  |
Hi Rod,
Thanks for the link.
Unfortunately the forecast has about as much reliability as a tarot card reader
predicting what the weather will be like at the next IceInSpace Astrocamp at
Lostock.
As I am fond of reminding people, even if you could reliably predict any
exchange rate fluctuation of even a single cent over a twenty-four hour period,
day in, day out, you would rapidly become not only the richest man in the world,
but the wealthiest individual in the history of civilization.
If you have not read it already, you might be interested to read my recent
commentary on exchange rates, Japanese housewives and the carry trade in
this thread here -
http://www.iceinspace.com.au/forum/s...t=37336&page=2
Currently the market can only be described as volatile and just about
anything can happen. As long as there is a Dollar, Euro, Yen or Peso to be
made, the carry trade won't die. But right now it has retracted considerably
and so the demand for the Aussie has contracted with it.
My advice. Never forget that life is short, so buy the eyepiece and then hope that
clear weather is on the cards this summer.
All the best.
Gary