Morning Report Monday 11 January 2016
Most of us know that today will be another extremely tough start for the ASX200 and this was discussed in the Weekend Report.
This morning we want to have a closer look for any initial signs that the Energy Sector is looking for a low after such a hammering in 2015.
On Friday in Australia the Energy Sector managed a 2.5% advance, even after crude oil made multi year lows on the Thursday night in the US.
Rallying on "bad news" is a great sign for stocks but clearly one good day does not create a reason to pile into an unwanted sector but it is starting feel like investors are buying this sector on down days - today will be a test!
Firstly let's look at Market Matters favourite two gold stocks against the gold price itself!
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