A small dip in US bond yields and the $US led to an explosive night for the likes of copper and gold with the former rallying over 4%, the Australian Resources Sector should enjoy a strong session today. MM is still looking for another 10% upside from copper over the coming weeks / months implying the $US is poised for a more prolonged dip.
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Performance update for March, stocks that drove returns & our current positioning
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Wednesday 24th April – ASX200 +17pts, Silver Lake (SLR), Kogan (KGN) & CPI
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Market Matters Research Lead Shawn Hickman with David Koch
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Wednesday 24th April – DOW +263pts, SPI +27pts
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MM is bullish copper targeting a test of $US500/lb
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