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Opinion + Action

The latest views from real investors with real money in the markets.

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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

4DX.AX

7.48%

ABG.AX

0.5%

ASK.AX

0.71%

AIS.AX

3.01%

AGL.AX

-0.77%

A1M.AX

2.78%

AIZ.AX

2.11%

AAI.AX

-0.86%

ALK.AX

-1.32%

A4N.AX

-4.41%

ALQ.AX

-0.63%

AMC.AX

0.31%

AOV.AX

-0.15%

AMP.AX

-0.82%

ALD.AX

-0.73%

ANN.AX

-0.45%

ANZ.AX

-2.47%

APA.AX

0.48%

ARU.AX

-2.21%

ARB.AX

0.43%

ARF.AX

ARG.AX

0.11%

ALL.AX

-1.09%

AYA.AX

7.19%

APZ.AX

-0.62%

ASX.AX

-0.15%

ALX.AX

0.21%

AUB.AX

0.73%

AIA.AX

-1.46%

AMI.AX

1.59%

AZJ.AX

-1.97%

AUC.AX

-7.11%

ABB.AX

0.76%

ASB.AX

1.2%

AAC.AX

-0.19%

AFG.AX

-0.49%

AFI.AX

-1.07%

AUI.AX

-0.37%

ASG.AX

4.31%

BOQ.AX

-0.32%

BMN.AX

6.73%

BCI.AX

0.68%

BPT.AX

-1.4%

BGA.AX

0.78%

BGL.AX

1.9%

BEN.AX

-0.47%

BNZ.AX

0.95%

BHP.AX

0.59%

BKI.AX

BC8.AX

XYZ.AX

0.19%

BSL.AX

0.56%

BMC.AX

8.39%

BOE.AX

6.29%

BXB.AX

-1.16%

BVS.AX

1.09%

BRE.AX

1.7%

BRG.AX

1.22%

BGP.AX

BFL.AX

-0.36%

BWP.AX

-1.55%

CMM.AX

-1.28%

CSC.AX

5.42%

CAR.AX

0.53%

CIN.AX

1.33%

CYL.AX

-0.92%

CAT.AX

0.3%

CWP.AX

0.7%

CNI.AX

CIP.AX

-1.67%

COF.AX

-0.27%

CHN.AX

-0.64%

CGF.AX

0.23%

CIA.AX

2.39%

CHI.AX

CHC.AX

-1.11%

CLW.AX

-0.86%

CQR.AX

-1.32%

CQE.AX

-1.34%

CNU.AX

1.68%

C79.AX

-1.02%

CVL.AX

-0.63%

CU6.AX

0.69%

CWY.AX

-0.67%

CBO.AX

-3.15%

COH.AX

1.55%

CDA.AX

-2.11%

COL.AX

-0.37%

CKF.AX

-0.73%

CBA.AX

-1.09%

CPU.AX

-0.62%

CEN.AX

CXO.AX

2.99%

CCP.AX

0.85%

CMW.AX

-1.19%

CSL.AX

-15.54%

CCL.AX

DBI.AX

1.53%

DTL.AX

1.34%

DTR.AX

-12.5%

DYL.AX

4.91%

DRR.AX

0.68%

DVP.AX

2.99%

DXS.AX

-0.65%

DXI.AX

-1.21%

DDR.AX

0.32%

DGT.AX

-1.26%

DJW.AX

DMP.AX

-3.61%

DOW.AX

0.65%

DPM.AX

-0.79%

DRO.AX

-2.75%

DUR.AX

2.68%

DNL.AX

7.23%

APE.AX

1.77%

EBO.AX

-1.03%

EIQ.AX

-3.43%

ELD.AX

-0.29%

EOS.AX

-4.47%

ELV.AX

1.92%

ELS.AX

-6.79%

EHL.AX

EMR.AX

-4.75%

EDV.AX

ERA.AX

-25%

EQR.AX

EUR.AX

1.1%

EVN.AX

-0.31%

EVT.AX

-0.81%

FCL.AX

-1.07%

FFM.AX

0.26%

FPH.AX

-0.16%

FPR.AX

2.51%

FBU.AX

2.13%

FLT.AX

-1.96%

FML.AX

-5.42%

FRS.AX

-2.06%

FMG.AX

0.33%

FRW.AX

FGX.AX

0.38%

FGG.AX

-2.9%

GLN.AX

-0.97%

GLF.AX

0.22%

GDG.AX

0.98%

GNE.AX

-0.5%

GMD.AX

-0.8%

GNP.AX

-0.63%

GMG.AX

1.95%

GPT.AX

-0.43%

GQG.AX

-3.99%

GNG.AX

2.77%

GNC.AX

0.49%

GGP.AX

-2.35%

GOZ.AX

-0.68%

GCI.AX

0.49%

GYG.AX

-3.57%

GWA.AX

-0.48%

HSN.AX

1.04%

HVN.AX

-0.33%

HGH.AX

1.1%

HM1.AX

-0.36%

HLI.AX

-1.84%

HMC.AX

4.01%

HDN.AX

-1.41%

HUB.AX

-0.44%

IEL.AX

-0.35%

IGO.AX

1.2%

ILU.AX

2.27%

IMD.AX

-0.5%

IMR.AX

1.97%

IFT.AX

4.07%

INA.AX

-0.77%

ING.AX

7.08%

IAG.AX

0.55%

IDX.AX

-1.98%

IPG.AX

0.72%

IPX.AX

2.48%

IPH.AX

0.53%

IRE.AX

-1.99%

JHX.AX

0.1%

JBH.AX

-2.24%

JDO.AX

-0.68%

JMS.AX

0.93%

KAR.AX

0.51%

KLS.AX

2.5%

KCN.AX

-1.15%

KKC.AX

-0.49%

GLS.AX

0.82%

LGF.AX

L1G.AX

1.25%

LSF.AX

2.09%

LRV.AX

4.49%

LFS.AX

-1.08%

LLC.AX

-0.32%

LFG.AX

-0.89%

360.AX

0.96%

LIC.AX

1.95%

LNW.AX

0.76%

LIN.AX

-4.43%

LTR.AX

0.61%

LOV.AX

0.79%

LYL.AX

-1.29%

LYC.AX

1.44%

MA1.AX

MAF.AX

-1.3%

MGH.AX

-0.42%

MAH.AX

MQG.AX

-0.25%

MAQ.AX

0.32%

MAD.AX

-0.58%

MFG.AX

-0.22%

MAU.AX

0.26%

MMS.AX

-0.92%

MPL.AX

-0.54%

MP1.AX

2.54%

MCY.AX

1.99%

MEZ.AX

-1.45%

MSB.AX

-0.5%

MLX.AX

0.94%

MTS.AX

6.75%

MEI.AX

-1.22%

MOT.AX

MXT.AX

MFF.AX

1.87%

MIN.AX

-0.69%

MI6.AX

0.31%

MIR.AX

-0.78%

MGR.AX

-1.18%

MND.AX

-0.89%

MYS.AX

-0.21%

NAN.AX

-2.94%

NAB.AX

-0.63%

NGI.AX

-1.11%

NWL.AX

1.37%

NEU.AX

5.08%

NHC.AX

0.4%

NEM.AX

-1.21%

NWS.AX

0.44%

NXG.AX

2.78%

NXT.AX

0.07%

NHF.AX

-0.53%

NCK.AX

-0.2%

NIC.AX

NEC.AX

-0.26%

NST.AX

-1.42%

NWH.AX

1.71%

NUF.AX

2.08%

OCL.AX

-0.73%

OML.AX

7.54%

OPH.AX

0.77%

OBM.AX

-0.19%

ORI.AX

0.51%

ORG.AX

-0.18%

ORA.AX

-0.36%

PDN.AX

7.37%

PNR.AX

0.59%

PPC.AX

0.61%

PPM.AX

0.88%

PRN.AX

3.58%

PPT.AX

0.63%

PCI.AX

PRU.AX

-0.36%

PXA.AX

0.7%

PNI.AX

0.8%

PL8.AX

1.46%

PLS.AX

-0.16%

PGF.AX

-0.34%

PNV.AX

0.99%

PDI.AX

3.97%

PMV.AX

-0.89%

PME.AX

-0.08%

PFP.AX

-0.82%

PWH.AX

2.17%

PYC.AX

2.03%

QAN.AX

-2.02%

QBE.AX

0.49%

QAL.AX

3.08%

QRI.AX

-0.32%

QUB.AX

RAC.AX

1.1%

RMS.AX

-1.7%

RHC.AX

-0.48%

REA.AX

0.34%

RDX.AX

1.84%

REH.AX

-0.74%

RF1.AX

RPL.AX

0.77%

RG1.AX

0.45%

RGN.AX

-1.32%

REG.AX

-0.79%

RRL.AX

-3.36%

RWC.AX

-0.31%

RMD.AX

0.11%

RSG.AX

0.78%

SGLLV.AX

-1.03%

RIC.AX

-0.74%

RIO.AX

0.65%

RXL.AX

1.15%

RFF.AX

-0.98%

RYM.AX

1.67%

SFR.AX

3.28%

SMI.AX

STO.AX

0.4%

SCG.AX

-1.21%

SEK.AX

-1.14%

SHV.AX

-4.48%

SRV.AX

-0.93%

SSM.AX

-0.49%

SGH.AX

-1.89%

SHA.AX

0.3%

SIG.AX

-0.35%

SLX.AX

5.48%

SGM.AX

1.76%

SDR.AX

0.96%

SKS.AX

3.86%

SKC.AX

-4.25%

SIQ.AX

3.84%

SHL.AX

0.05%

S32.AX

1.33%

SX2.AX

0.52%

SXE.AX

3.91%

SPK.AX

0.29%

SRG.AX

-0.16%

SBM.AX

-0.78%

SMR.AX

0.85%

SDF.AX

0.74%

SGP.AX

-1.52%

SNZ.AX

-3.81%

SUN.AX

0.48%

SRL.AX

-2.31%

SUL.AX

-2.76%

SLC.AX

-1.43%

SNL.AX

0.09%

SYL.AX

-0.42%

TAH.AX

0.66%

TEA.AX

1.54%

TNE.AX

0.57%

TLX.AX

1.02%

TLS.AX

-0.56%

TPW.AX

-3.88%

A2M.AX

TLC.AX

-1.89%

SGR.AX

TVN.AX

1.54%

TWR.AX

0.57%

TPG.AX

0.24%

TCL.AX

0.14%

TWE.AX

0.69%

TUA.AX

0.86%

TCG.AX

-3.45%

UNI.AX

-3.15%

VAU.AX

-1.91%

VNT.AX

1.49%

VCX.AX

1.65%

VGN.AX

-2.78%

VEA.AX

-1.35%

VUL.AX

0.8%

VSL.AX

-3.34%

WA1.AX

-1.52%

WGN.AX

2.77%

WAM.AX

-1.15%

WGB.AX

1.38%

WLE.AX

-0.19%

SOL.AX

1.72%

WPR.AX

-1.44%

WQG.AX

2.44%

WEB.AX

-5.45%

WBT.AX

10.96%

WES.AX

0.45%

WAF.AX

1.26%

WGX.AX

-0.36%

WBC.AX

-1.34%

WHF.AX

WHC.AX

-0.25%

WIA.AX

WC8.AX

-0.8%

WTN.AX

WTC.AX

0.14%

WDS.AX

1.63%

WOW.AX

-0.24%

WOR.AX

-0.74%

XRO.AX

-0.12%

YAL.AX

-0.45%

ZIM.AX

0.37%

ZIP.AX

3.59%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	145.78	-0.66	-0.45
SSO ASX Small Caps	15.90	0	0
IVV S&P 500	68.04	0.22	0.32
NDQ Nasdaq	59.54	1	1.71
F100 FTSE 100	14.55	0.03	0.21
ASIA Asia Tech	20.55	0.35	1.73
IEU Europe	98.50	-0.02	-0.02
IEM Emerging Markets	94.41	0.75	0.8
Gold Gold	58.88	-1	-1.67
ACDC Battery Tech	178.60	-0.62	-0.35

COMMODITIES	Close($)	-/+	%
Gold	4,669.99	-44.4246	-0.94
Silver	80.30	-0.022	-0.03
Platinum	2,030.83	-24.523	-1.19
Palladium	1,478.50	-12.9301	-0.87
Ice Brent Crude	100.25	0.19	0.19
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.7233	-0.0011	-0.15
Euro	1.1752	-0.0032	-0.27
British Pound	1.3585	-0.0047	-0.34
Canadian Dollar	1.3679	0.0003	0.02
New Zealand Dollar	0.5942	-0.0023	-0.39
Chinese Yuan	6.7953	-0.0052	-0.08
Japanese Yen	157.1000	0.45	0.29

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.65	2.78%	80.00%	0.30 0.75
BGL	Bellevue Gold Ltd	1.61	1.9%	0.00%	0.78 2.00
BHP	Bhp Group Ltd	58.29	0.59%	52.82%	35.52 59.39
FMG	Fortescue Ltd	21.34	0.33%	33.10%	14.31 23.38
NHC	New Hope Corporation Ltd	5.05	0.4%	32.72%	3.59 6.14
WHC	Whitehaven Coal Ltd	7.87	-0.25%	53.20%	5.17 9.90
NEM	Newmont Cdi	158.41	-1.21%	0.00%	74.25 190.91
NXG	Nexgen Ene Cdi	17.54	2.78%	0.00%	8.24 20.47
SFR	Sandfire Resources Ltd	18.60	3.28%	74.18%	10.11 21.75

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
WBT	Weebit Nano	4.86	10.96
BMC	Bmc Minerals Cdi	3.23	8.39
OML	Ooh!media	1.36	7.54
4DX	4dmedical	3.45	7.48
PDN	Paladin Energy	13.41	7.37
DNL	Dyno Nobel	3.56	7.23
AYA	Artrya	4.77	7.19
ING	Inghams Group	1.82	7.08
MTS	Metcash	2.93	6.75
BMN	Bannerman Energy	4.28	6.73

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
ERA	Energy Resources	0.00	-25
CSL	Csl	101.25	-15.54
DTR	Dateline Resourc	0.21	-12.5
AUC	Ausgold	0.92	-7.11
ELS	Elsight	6.31	-6.79
WEB	Web Travel Group	2.60	-5.45
FML	Focus Minerals L	2.27	-5.42
EMR	Emerald Resource	5.81	-4.75
SHV	Select Harvests	3.84	-4.48
EOS	Electro Optic Sy	8.54	-4.47

OPINION

Latest Market Matters Opinions

11/05/2026 09:00

Silver ($US/oz)

The silver price has been subdued since mid-March after the speculative bubble burst in late January. Ultimately we believe it can rally back towards its pre-war levels, around 20% higher, but it’s likely to need a softer $US and a return to an easing bias by the Fed, both of which need a resolution to the US-Iran conflict.

11/05/2026 09:00

Copper ($US/MT)

Copper punched higher last week as the backdrop around the war improved demonstrating to us that the path of least resistance remains on the upside. Local copper stocks were firm with Sandfire (+7.3%) although they remain well off their panic like January highs, but with the industrial metal offering a strong tailwind further gains look highly likely.

ACTION

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Market Matters Content

Macro Monday: Earnings, not social media posts, ultimately drive stocks

Morning report 11/05/2026

Afternoon Report

The Match Out: Peace trade unwinds as the ASX gives back the week’s gains

Afternoon report 08/05/2026

Ask James ASK A QUESTION

Ask James

Question asked 09/05/2026

ETFs

Hi James, Thanks for all your updates and analysis. I would value your opinion on the QUAL ETF. Also, you mentioned RBTZ last Friday as being "cautiously bullish", but preferred SEMI and AINF for AI exposure. I hold RBTZ and have done quite well - if you were me, would you be switching out of this into either SEMI or AINF, and if so, which one?

Ask James

Question asked 09/05/2026

Vault Minerals Ltd (ASX:VAU) and Regis Resources (ASX: RRL)

From the perspective of a Vault shareholder, how would you view the proposed merger with Regis? Is it likely to be net positive in the long run and/or will it raise any short term issues/share price pressure leading up to the merger?

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Pulse Check Webinar: Iran, Oil & Markets - Are investors misjudging the risks? 18/03/2026

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Latest View Points

MQG

MVB

ATEC

VAP

IXJ

QRE

SUL

LNW

SFR

BHP

NWH

AMC

Chart of the week

US v Australian Software & Services Indices

Aus. Investment blog Subscribe to blog

ASX Gold Merger Creates a New $10bn Powerhouse

The fight for control of WA’s premier gold regions continues, with elevated bullion prices continuing to fuel consolidation pressure across the sector.

ASX:RRL 30/04/2026

Why is South32 (ASX:S32) down ~7%?

South32 shares are down ~7% after flagging another cost blowout at its flagship zinc-lead-silver project in Arizona, citing tariffs, inflation, rising input costs and contractor underperformance.

ASX:S32 30/04/2026

Morning Report

Macro Monday: Earnings, not social media posts, ultimately drive stocks

Morning report 11/05/2026

Afternoon Report

The Match Out: Peace trade unwinds as the ASX gives back the week’s gains

Afternoon report 08/05/2026

Ask James ASK A QUESTION

Ask James

Question asked 09/05/2026

ETFs

Ask James

Question asked 09/05/2026

Vault Minerals Ltd (ASX:VAU) and Regis Resources (ASX: RRL)

Latest View Points

MQG

MVB

ATEC

VAP

IXJ

QRE

SUL

LNW

SFR

BHP

NWH

AMC

Chart of the week

US v Australian Software & Services Indices

Aus. Investment blog Subscribe to blog

ASX Gold Merger Creates a New $10bn Powerhouse

The fight for control of WA’s premier gold regions continues, with elevated bullion prices continuing to fuel consolidation pressure across the sector.

ASX:RRL 30/04/2026

Why is South32 (ASX:S32) down ~7%?

South32 shares are down ~7% after flagging another cost blowout at its flagship zinc-lead-silver project in Arizona, citing tariffs, inflation, rising input costs and contractor underperformance.

ASX:S32 30/04/2026

Opinion + Action