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ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

29M.AX

-2.34%

4DX.AX

-3.49%

ABG.AX

AIS.AX

-1.6%

AGL.AX

A1M.AX

-2.85%

AIZ.AX

-1.56%

AAI.AX

-1.72%

ALK.AX

-3.84%

A4N.AX

-2.35%

ALQ.AX

-0.59%

AMC.AX

0.33%

AOV.AX

0.53%

AMP.AX

-2.63%

AEL.AX

0.13%

ALD.AX

-5.53%

ANN.AX

-0.67%

ANZ.AX

-0.71%

APA.AX

0.97%

ARU.AX

-1.67%

ARB.AX

0.35%

ARF.AX

4.22%

ARG.AX

0.89%

ALL.AX

0.41%

APZ.AX

-1.09%

ASX.AX

0.2%

ALX.AX

-1.07%

AIA.AX

0.45%

AXQ.AX

4.31%

AMI.AX

1.79%

AZJ.AX

0.27%

AFI.AX

0.61%

AUC.AX

-0.97%

ABB.AX

-1.11%

ASB.AX

6.65%

AUB.AX

-0.42%

AAC.AX

2.28%

ACL.AX

0.87%

AUI.AX

0.08%

BMN.AX

-0.78%

BAP.AX

-1.91%

BCI.AX

-1.4%

BPT.AX

0.28%

BGA.AX

-0.31%

BGL.AX

-1.05%

BEN.AX

-0.2%

BNZ.AX

-12.78%

BHP.AX

-1.64%

BOQ.AX

-0.29%

BKI.AX

BC8.AX

-3.45%

XYZ.AX

-1.69%

BSL.AX

1.11%

BOE.AX

-3.2%

BXB.AX

1.03%

BVS.AX

-0.94%

BRE.AX

-4.58%

BRG.AX

-1.41%

BTR.AX

-2.86%

BGP.AX

BFL.AX

0.65%

BWP.AX

-0.28%

CMM.AX

0.53%

CSC.AX

-1.11%

CAR.AX

-0.04%

CIN.AX

-0.29%

CYL.AX

-2.07%

CAT.AX

1.61%

CWP.AX

0.17%

CNI.AX

-0.45%

CIP.AX

-0.36%

COF.AX

-0.58%

CGF.AX

-1.36%

CIA.AX

-1.06%

CLW.AX

0.31%

CHC.AX

CQR.AX

CQE.AX

1.09%

CNU.AX

-0.62%

C79.AX

1.7%

CVL.AX

1.95%

CU6.AX

-1.26%

CWY.AX

0.51%

CBO.AX

0.36%

COH.AX

4.79%

CDA.AX

0.22%

CGS.AX

-0.57%

COL.AX

1.93%

CKF.AX

1.13%

CPU.AX

-0.47%

CEN.AX

1.88%

CXO.AX

3.75%

CCP.AX

0.42%

CMW.AX

0.78%

CSL.AX

1.37%

CCL.AX

-1.52%

CBA.AX

-0.4%

DYL.AX

-4.55%

DBI.AX

-0.09%

DTL.AX

-0.19%

DRR.AX

0.26%

DVP.AX

1.13%

DXI.AX

DXS.AX

0.36%

DDR.AX

-0.33%

DGT.AX

-1.72%

DJW.AX

0.34%

DMP.AX

4.25%

DOW.AX

0.29%

DPM.AX

-1.68%

DRO.AX

-2.61%

DUR.AX

-0.75%

DNL.AX

2.14%

APE.AX

1.49%

EBO.AX

0.06%

ELD.AX

-0.32%

EOS.AX

-2.11%

ELV.AX

-0.53%

ELS.AX

-3.37%

EHL.AX

0.4%

EMR.AX

-0.62%

EDV.AX

1.1%

EQR.AX

EQT.AX

0.44%

EUR.AX

-2.6%

EVN.AX

-2.04%

EVT.AX

0.47%

FPH.AX

0.38%

FDC.AX

-1.13%

FCL.AX

3.71%

FFM.AX

-0.91%

FPR.AX

-0.98%

FBU.AX

1.74%

FLT.AX

1.48%

FML.AX

-2.15%

FRS.AX

-2.9%

FMG.AX

1.11%

FRW.AX

FGX.AX

0.75%

FGG.AX

GLF.AX

-0.85%

GDG.AX

2.13%

GNE.AX

0.52%

GMD.AX

-0.9%

GNP.AX

-2.56%

GMG.AX

1.37%

GPT.AX

-0.33%

GQG.AX

-4.17%

GNG.AX

0.28%

GNC.AX

-1.08%

GGP.AX

-2.85%

G6M.AX

-5.11%

GOZ.AX

0.52%

GCI.AX

0.25%

GYG.AX

-2.15%

GWA.AX

-0.49%

HSN.AX

-1.17%

HVN.AX

0.49%

HGH.AX

HM1.AX

0.36%

HLI.AX

-1.71%

HMC.AX

-1.65%

HDN.AX

1.16%

HUB.AX

4.4%

IEL.AX

0.44%

IGO.AX

-0.66%

ILU.AX

-0.67%

IMD.AX

0.3%

IFT.AX

-0.41%

INA.AX

9.32%

ING.AX

-0.24%

IAG.AX

0.99%

IDX.AX

-1.19%

IPG.AX

-1.27%

IPX.AX

-4.29%

IPH.AX

-0.28%

IRE.AX

1.27%

JHX.AX

-1.55%

JBH.AX

1.25%

JDO.AX

0.82%

KAR.AX

-0.86%

KLS.AX

0.26%

KCN.AX

-3.89%

KKC.AX

0.25%

GLS.AX

-0.41%

LGF.AX

0.45%

L1G.AX

-0.89%

LSF.AX

2.08%

LFS.AX

0.63%

LLC.AX

0.84%

LFG.AX

0.96%

360.AX

1.98%

LNW.AX

1.57%

LIN.AX

1.23%

LTR.AX

1.46%

LOV.AX

-0.67%

LYL.AX

4.2%

LYC.AX

-0.09%

MA1.AX

-0.81%

MAF.AX

-0.64%

MGH.AX

-2.51%

MAH.AX

-4.17%

MQG.AX

-0.41%

MAQ.AX

-1.91%

MAD.AX

2.38%

MFG.AX

-2.11%

MMS.AX

-1.52%

MPL.AX

0.53%

MP1.AX

-4.08%

MCY.AX

-1.83%

MEZ.AX

1.36%

MSB.AX

0.85%

MLX.AX

-2.45%

MTS.AX

-0.47%

MEI.AX

-1.14%

MOT.AX

MXT.AX

-0.75%

MFF.AX

0.59%

MIN.AX

1.5%

MI6.AX

-4.84%

MIR.AX

MGR.AX

1.54%

MND.AX

-1.26%

MYS.AX

-1.78%

NAN.AX

1.01%

NAB.AX

-2.06%

NGI.AX

0.96%

NWL.AX

1.72%

NEU.AX

-0.05%

NHC.AX

-3.4%

NMG.AX

-0.85%

NEM.AX

-0.4%

NWS.AX

0.11%

NXG.AX

-0.04%

NXT.AX

NHF.AX

0.46%

NCK.AX

-0.79%

NIC.AX

-1.1%

NEC.AX

NST.AX

-1.32%

NWH.AX

-2.89%

NUF.AX

-0.16%

NXL.AX

-0.28%

OCL.AX

1.2%

OML.AX

0.15%

OPH.AX

0.89%

OBM.AX

-1.09%

ORI.AX

1.01%

ORG.AX

-0.46%

ORA.AX

3.6%

PDN.AX

-1.23%

PNR.AX

-2.08%

PDI.AX

-4.88%

PPC.AX

-8.06%

PPM.AX

-0.89%

PRN.AX

-1.47%

PPT.AX

-0.41%

PCI.AX

0.46%

PRU.AX

-1.95%

PXA.AX

0.08%

PNI.AX

-1.17%

PL8.AX

0.72%

PLS.AX

2.07%

PGF.AX

0.96%

PNV.AX

-2.45%

PMV.AX

0.38%

PME.AX

0.6%

PWH.AX

5.83%

PYC.AX

-1.52%

QAN.AX

-1.14%

QBE.AX

-0.12%

QRI.AX

-0.68%

QAL.AX

2.04%

RMS.AX

-1.93%

RHC.AX

-2.35%

REA.AX

-1.69%

RDX.AX

-0.99%

REH.AX

0.55%

RF1.AX

0.34%

RG1.AX

RPL.AX

-1.92%

RGN.AX

-0.9%

REG.AX

0.77%

RRL.AX

-2.01%

RWC.AX

-1.52%

RMD.AX

0.45%

RSG.AX

-1.11%

SGLLV.AX

1.61%

RIC.AX

-1.69%

RIO.AX

-1.03%

RXL.AX

-0.9%

RFF.AX

-1.31%

RYM.AX

SFR.AX

-1.7%

STO.AX

-0.7%

SCG.AX

-0.29%

SEK.AX

-0.04%

SHV.AX

-1.12%

SRV.AX

SGH.AX

1.16%

SHA.AX

-1.12%

SIG.AX

SLX.AX

-4.11%

SGM.AX

-1.01%

SDR.AX

-0.93%

SKS.AX

-2.67%

SKC.AX

SIQ.AX

-0.9%

SHL.AX

0.7%

S32.AX

-2.77%

SX2.AX

-1.84%

SPK.AX

-0.49%

SRG.AX

-0.87%

SSM.AX

-0.47%

SBM.AX

0.61%

SMR.AX

-5%

SDF.AX

-0.09%

SXE.AX

-1.05%

SGP.AX

2.71%

SKG.AX

0.47%

SNZ.AX

SUN.AX

0.23%

SRL.AX

-8.31%

SUL.AX

-0.26%

SLC.AX

-0.57%

SNL.AX

-0.77%

SYL.AX

-0.36%

TAH.AX

-2.03%

TEA.AX

-0.97%

TNE.AX

-0.26%

TLX.AX

3.18%

TLS.AX

-0.21%

TPW.AX

3.51%

A2M.AX

0.22%

TLC.AX

0.09%

SGR.AX

4.35%

TWR.AX

-1.18%

TPG.AX

1.47%

TCL.AX

0.22%

TWE.AX

-0.08%

TUA.AX

0.87%

TCG.AX

-2.6%

TRA.AX

UNI.AX

-0.37%

VAU.AX

-0.84%

VNT.AX

0.68%

VCX.AX

0.21%

VGN.AX

-2.99%

VMM.AX

1.82%

VGL.AX

-0.92%

VEA.AX

-1.28%

VUL.AX

-1.95%

VSL.AX

-4.07%

WA1.AX

2.93%

WGN.AX

-1.06%

WGB.AX

-0.76%

WLE.AX

WAM.AX

SOL.AX

-0.09%

WPR.AX

0.48%

WQG.AX

-1.74%

WEB.AX

-0.57%

WBT.AX

-3.38%

WES.AX

0.82%

WAF.AX

-2.23%

WGX.AX

-0.8%

WBC.AX

-1.12%

WHF.AX

0.43%

WHC.AX

-2.65%

WIA.AX

2.81%

WTC.AX

1.84%

WDS.AX

-0.94%

WOW.AX

0.97%

WOR.AX

1.19%

XRO.AX

1.61%

YAL.AX

-4.13%

ZIM.AX

2.36%

ZIP.AX

-2.07%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	147.04	-0.51	-0.35
SSO ASX Small Caps	13.60	-0.09	-0.66
IVV S&P 500	73.28	-0.33	-0.45
NDQ Nasdaq	61.34	-0.34	-0.55
F100 FTSE 100	15.32	-0.24	-1.54
ASIA Asia Tech	18.57	-0.33	-1.75
IEU Europe	95.48	-1.05	-1.09
IEM Emerging Markets	90.89	-1.06	-1.15
Gold Gold	54.19	-0.6	-1.1
ACDC Battery Tech	106.27	-2.34	-2.15

COMMODITIES	Close($)	-/+	%
Gold	4,143.67	4	0.1
Silver	57.46	0.3762	0.66
Platinum	1,646.54	6.2887	0.38
Palladium	1,118.95	-0.805	-0.07
Ice Brent Crude	109.18	-0.68	-0.62
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.6982	0.0004	0.06
Euro	1.1233	0.0023	0.21
British Pound	1.3330	0.0028	0.21
Canadian Dollar	1.4080	-0.003	-0.21
New Zealand Dollar	0.5675	0.0013	0.23
Chinese Yuan	6.6787	-0.0019	-0.03
Japanese Yen	158.1700	-0.31	-0.2

What We're Watching

ASX Resource stocks we own

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
A1M	Aic Mines Ltd	0.77	-3.16%	68.09%	0.42 0.94
BGL	Bellevue Gold Limited	1.41	-1.4%	0.00%	1.06 2.00
BHP	Bhp Group Ltd	59.50	-1.59%	38.67%	40.18 68.77
FMG	Fortescue Ltd	15.44	1.18%	-24.38%	15.01 23.38
NHC	New Hope Corporation Ltd	5.97	-3.48%	55.28%	3.77 6.61
WHC	Whitehaven Coal Limited	7.72	-2.71%	14.76%	6.66 9.90
NEM	Newmont Cdi	168.59	-0.37%	0.00%	117.59 190.91
NXG	Nexgen Ene Cdi	12.18	-0.04%	0.00%	11.34 20.47
SFR	Sandfire Resources Limited	20.25	-1.65%	31.15%	14.41 25.00

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
INA	Ingenia Communit	4.64	9.32
ASB	Austal	4.17	6.65
PWH	Pwr Holdings Lim	11.08	5.83
COH	Cochlear Limited	138.90	4.79
HUB	Hub24	67.41	4.4
SGR	The Star Enterta	0.12	4.35
AXQ	Aura Consolidate	3.39	4.31
DMP	Domino's Pizza E	22.10	4.25
ARF	Arena Reit	2.60	4.22
LYL	Lycopodium	21.81	4.2

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
BNZ	Benz Mining-cdi	4.23	-12.78
SRL	Sunrise Energy	14.23	-8.31
PPC	Peet	1.43	-8.06
ALD	Ampol Fpo	39.61	-5.53
G6M	Group 6 Metals L	2.60	-5.11
SMR	Stanmore Resourc	2.66	-5
PDI	Pdi Gold	4.09	-4.88
MI6	Minerals 260	0.74	-4.84
BRE	Brazilian Rare	1.88	-4.58
DYL	D Yellow	0.74	-4.55

OPINION

Latest Market Matters Opinions

20/10/2026 09:40

Gold (US$/oz)

Gold has been a major casualty of weak bond markets in 2026, although judging its ~30% correction from early 2026 highs is misleading, considering the panic gold frenzy buying we saw in January. The US 10-year yield has surged from 4.2% to test 5.4% in 2026, weighing non-interest-bearing assets like gold, which needs to advance more than 5% just to keep up!

20/10/2026 09:39

Ramelius Resources (ASX: RMS) $3.62

Ramelius Resources (RMS) has the strongest daily return correlation with gold over the past 12 months at 0.34, narrowly ahead of Newmont (NEM) at 0.337. However, correlations across the sector remain relatively modest, with even the highest reading suggesting that gold prices explain only part of the day-to-day share price movements. Operational execution clearly has a big influence on returns. Northern Star (NST), despite being one of the ASX’s largest gold miners by market capitalisation, has the lowest correlation in the group at 0.20.

ACTION

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Ask James ASK A QUESTION

Ask James

Question asked 17/10/2026

Your view on FXG and FEG

I like to have your view-analyses on FXG and FEG please, thanks,

Ask James

Question asked 17/10/2026

YEAR TO DATE

Good Morning, Well, it has sometimes felt like the "year of waiting" this year. I'm not a day trader, so I suppose I'm more susceptible to the highs and lows by holding stocks. But the All Ords began the year at 9208 and went through 8686, 9430, 8571 and 9445 to be at 8921 as I write, down about 3%. That to me is very volatile. Is this our market now or do you see things settling down into 2027? Thanks gents.

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