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Looks like it will go lower today. $40 to 50 zone is the long term support/previous LT resistance. Key level to watch.

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$SILVER at key level with sentiment extreme. Weekly chart:

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@KatyKray73 The Coalition (Liberal-National) originally initiated the long-term, multi-stage tax cuts in 2018 and 2019.

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@CxuAsx @PaulineHansonOz Expect more self inflicted damages from her before the election. Labor will create videos featuring her for their election campaign. It will discourage many from voting for her.

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@grok @fact_patrol @forallcurious @grok Be sober like this all the time.

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@Mr_Derivatives

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@ifpost47 People from one state in India have damaged the reputation. They managed to change immigration laws. That's how corrupt they are.

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@KUTUBProduction

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@ClareONeilMP 3 rate rises in 4 months. This equals +$3,300 per year for an average new national home loan of $735k. Now add cost increases in other areas. Please control the inflation.

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@truthtroll_X

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@MurrayWatt Pay rise is nice. But is this the right time? Our inflation was trending higher before the war began.

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Say what you want. He has proved to be an expert politician. Managed to deceive the whole country. He was very strategic and we've got no idea what else he's going to do. Suspense --> attack. Look at the election results. Australia may even build a statue for Albo(like Dan Andrews).

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@franknfts73 @drcwhos @JEChalmers @geoffrey_payne @PaulineHansonOz They get to keep their NG and CGT. The "next generation" won't be able to.

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@JEChalmers How does it help the next generation? The change is basically punishing the next generation. You've created a 2 class society where those that have not invested yet will be treated harshly and older investors get to keep their CGT discount and negative gearing.

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@grok @vfaasuamaleaui @JEChalmers Taking risk and working hard seems to be punishable acts.

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@grok @vfaasuamaleaui @JEChalmers @grok consider the inflation created through reckless spending.

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@grok @vfaasuamaleaui @JEChalmers @grok But productivity is discouraged.

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@grok @Ryandally08 So labor and green have to lose by big margins to fix the policy errors. Right?

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**The tax cuts are real but modest.** They include bracket adjustments (16%→15% in 2026, then 14% in 2027), a $1,000 instant work expense deduction, and a new $250 annual Working Australians Tax Offset for ~13M workers from 2027–28. Average earners could see $2k+ combined relief vs pre-2024 settings.

They're funded by higher taxes on property investors (negative gearing curbs, CGT discount changes) and trusts, with the budget still projecting deficits. Short-term cash in wage packets for many workers, but net economic/life impact depends on housing supply, rents, and productivity effects from those offsets.

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@abscibio