Mr Medved

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About Mr Medved

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  1. I don't have a sh*t-ton of money so am less concerned. I actually feel quietly comfortable holding cash in a Russian bank account. A far cry from 1998! I don't think it matters what you think is overvalued, it's where the masses/"dumb money" run to, and getting there first
  2. The government wants cold hard cash!
  3. The guy I met had a profession on the "highly skilled migrant list". His relative is a dentist. It's a point-based system, age is a factor so it costs more (the dentist is in his 50s). If you're willing to buy a few million dollars worth of government bonds you'll get residency regardless of professional background.
  4. I met a friend of a friend on the weekend, who moved from Russia to Australia as a skilled migrant a few years ago. He said it cost him 10,000AUD a visa for himself and his wife. Her parents are looking to move as well now (her step-father is a medical professional). Apparently because of their age it costs 60,000AUD each to get residency - 120k for a couple. This is the kind of thing that is propping up a weak economy - capital inflows from migration. Not just from visa fees but the capital they bring with them. I recall reading an article in the year where it stated Australia has the most millionaire migrants in the world (that is net, not per capita). It's why immigration levels is a taboo topic and no major political party will touch the subject. The Australian economy is in terrible shape and turning off the migration tap may trigger a deep recession.
  5. I would like to be abducted by perky young cheerleaders but hasn't happened yet!
  6. The only thing that could drive a boom is massive influx of capital (unlikely? who knows) or China/central banks stimulus (they've done it before). Maybe a world war would be a positive outcome economically if Australia was not directly involved (safe haven, provider of supplies, etc.). IMO the country is already in recession regardless of what statistics are being trotted out by government officials. The macro indicators out of China are not positive either. It sounds like the banks have essentially brushed off the Royal Commission so they may get back to their old habits if left unchecked... that may provide additional stimulus. The AUD continues to tank, I'm actually on the positive side of holding Russian Rubles! Good thing I'm holding USD and XAU too. I know I'm an old fart, but remember when gold was less than $1,000AUD/ounce - it is now $2,200. A crack-up boom is possible, but I think she's dead, Jim!
  7. Looks like Tor has been taken by a band of ninjas. Must have left is bayonet at home...
  8. Hi medved, cant seem to answer on the topic, or maby im just too blind to find the button?
    Can you post this answer for me?

    Sure let them make the next Asian WEC in Australia :)

    Yeah i seem to have some talent as a hedge fund manager. Im doing pretty much just that since 8years now. Plan on retiring in 2023 and start a family :)

    Heres a nice snippet from the blog: "The next technical support lies at the 10400 level and the next Monthly Bearish lies down at the 10500 zone. Indeed, the Quarterly Bearish is also at the 10500 zone and when we look at yearly support, this is the primary area - 104-105. A closing below that at year-end and we will see the Euro retest the historic low of 8230."

    quarterly 1,05 and yearly 1,04 eurusd after that....look out below.