Friday, December 11, 2009

An Inverse Relationship

Story as appears on Business Spectator.

An inverse relationship
TOPIC : Australian dollar

The Australian dollar is affected by the dealings of the US Dollar – an inverse relationship. (See Australian dollar lower at noon, December 9).

So any good news such as improved employment figures, which is good for the USD, would inversely affect the value of the Aussie dollar. Or is the Australian dollar in a trading range between 0.89 and 0.93, consolidating before pushing through the 0.93 barrier?

The next three months will tell if the winds of change are beginning to blow from a more favourable direction. If the American economy is indeed adding ballast to a recovering blow down.

If the US does stabilise recovery, and the US dollar begins to recover in value, I expect to see the Australian dollar stabilise, forget parity. Like a see-saw, the US dollar to Australia dollar will continue to rise and drop to demand and supply. Does the US economy have enough push to continue the rally in the value of the US dollar? Economist appear to differ in opinion to that question.

Angelo Russo 9 Dec 2009 12:40 PM

Sunday, October 11, 2009

I don't want to lose my home

The title says it all.... I don't want to lose my home.
Apart from asking people to send me AUD$1 each, I don't know what to do. If I did ask, what can I do for you that is worth the giving of a dollar. Repaying the funds I receive is of course without question the priority. But what can I do for you.

Because of the collapse in the financial crisis I panicked and tried to make big gains in the stock market. I borrowed against our home and bought spot gold. All was going well, had purchased the smallest amount which was 50 oz and it was in profit. This is good, so I purchased another 50 oz. Still going ok, price was now $900 per oz and I was ready to take a profit. Yes there was my weekly wage in 1 night, then..... zzzzz.
I fell asleep whilst the order pad was open, see it was 1.30 am in the morning. Instead of finishing the take profit and stop loss I fell asleep and bought 1000 oz jsu as the price peaked at $1019 per oz. I awoke from the sound of a little bell tht sounds when you place an order to sell or buy.

Panic stuck and I started trying to close the position from the wrong page. Price was dropping and the account was slipping into negative territory, eating into the funds I had put into the account. Soon enough the account was $35000 Aud less than I started with. The colour I am sure had drained from my face.

Stayed up all night, my partner came into the room in the morning to see me still awake and in panic. I didn't tell her.

Since then the bank loan has just been adding interest as I was using a lodoc loan, yes the very cause of the financial collapse. What am I to do, it is now one year on and there is only $3000 left in the account. The interest payment is now $3500 and monthly bills come to $2000.
My chest illness prevents me from working and the worry is making things worse. My daughter is finishing grade 12, how do I tell her I may not have enough money to pay for her graduation. Certainly do not have enough to help out with university. Centrelink is a bit late as I have not applied for unemployment funds as I thought I could pull myself out of this.

Well that's the situation I have put myself in and if any body has idea's on how I can raise Aud $5000 for the next month's payment and living funds please I need HELP now.
I will pay back every cent in help.

This is a true story and the actual state of my affairs as of October 2009. I will be in default of my loan and will by the end of November have to sell my house , and that is if the banks have not taken control by then!!

Does any one want to buy my $29000 car for $23000, it's now for sale.

Tuesday, August 4, 2009

Welcome to my first blog

My name is Angelo Russo and I would like to say welcome.

I've been wanting to start a blog for a little while now and this is very exciting, actually being here at this point in time. Recording my thoughts about every day events, past experiences and about the future whose tracks yet to be laid. I like to think I have an open mind about every thing and if I am proven wrong on a topic, I would be the first person to apologise and admit I was wrong. I believe in Karma and life experiences so far will take many lives to undo.

"Do unto others as you you would have them do unto you"

Could you say you are an honest person.

I saw a young ladies purse on the floor, in front of a pokey machine at Jupiters Casino on the Gold Coast, Australia. I am that honest I picked it up , with out opening it, and ran after the young lady. I quickly slowed my pace as my thoughts swung to internal security cameras watching, ready to make a judgement as to why I was running and send the umpteen number of security guards that dot the landscape of the casino.
Catching the young lady I asked her if she had lost some thing valuable at the last pokie machine machine she played at. Her friend was already in warning mode, attempting to place herself between her friend and I believing I was harassing her. The young lady quickly found or should I say, couldn't find her purse. I revealed what I had behind my back, a scream of relief sounded. She grabbed the purse and checked it's contents, nodding her approval of it's return.
"All right then" I said as I turned and retreated back to the machine I was originally sitting at.
Don't remember if I received a thank you, but it didn't matter. The purse was not mine or any other body but hers. I as lucky the money I had put in the machine was still there.
Hopefully if my wallet is stolen, next time, if there is a next time, the contents of my wallet will be returned to me. I just hope Karma punishes the asian lady whom took it upon herself to take my wallet off the counter of a newsagency in Miami, Gold Coast. It was December 2008, 1 week before christmas. I had a weeks pay and was on my way to buy christmas food and presents.
I hope you and your family enjoyed my hard earned pay.