Month: March 2014
The ASX 200 followed Friday’s lead from the US, closing -11 points in a very quiet session It is evident that investors are taking a back seat and trading cautiously whilst the situation between Russia and the Ukraine remains unresolved.
Gold is approaching my target of $1,400 US/oz, as conveyed over the past three months.
The ASX 200 was sold off aggressively today, closing -83 points following overnight leads from both US and Europe on continued concerns surrounding the economic health of China.
I remain bullish equities over the next 1-3yrs, but as I have often said, the chart of the rally will resemble that of a zigzag. The bull market is maturing.
BHP is the most inherited asset in Australia. For shareholders’ sake, I hope I am wrong in believing that BHP will remain an under-performing investment in years to come.
The ASX 200 clawed back some of this weeks losses, closing up 28 points on the back of better than expected employment data and a resurgence in the miners. BHP Billiton (BHP) closed +1.1%, RIO Tinto (RIO) +2.7% & Fortescue Metals (FMG) +3.0%.
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The ASX 200 was sold off early in the session, but recovered to close only 29 points lower with the resource sector rallying in the afternoon. BHP Billiton (BHP) closed +6c and Rio Tinto (RIO) +17c.
Iron Ore collapses 8.3% overnight, is it time to be brave?
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Really bullish, there's more to go in the reflation rally
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