FMG Share Price Nears 52-Week High: Downside Risks Rising Though
The thesis today is that the FMG share price is now in a precarious position and downside risks are rising. More bad data seems to be prompting buying.
Commodities
Commodities are a vital part of the Aussie economy. And commodity stocks are heavily represented in the Aussie market, especially at the speculative end. The Rum Rebellion looks at commodities for money making opportunities, and to also show you what commodity prices are saying about global economic growth and the health of the Chinese economy.
When China slows, commodities take a hit. That has an impact on Australia, and flows through to the stock market and interest rate considerations. So we analyse commodities from a ‘holistic’ perspective, as well as highlight the individual opportunities when they arise.
I Wonder How Big the Panic in the Oil Market Will Be?
By the time you read this, oil futures will have traded post the drone attack on Saudi oil facilities that occurred on Sunday. Yep. Who knows how high prices will spike following this incident. You…
Australia Must Avoid This Double Hit
This is a tricky market. There is a battle between bulls and bears. Commodities are coming off the boil. Falling interest rates have inflated many asset prices beyond reasonable value.
Resource Stocks Fall 35% Again?
The last time China explicitly devalued its currency, in August of 2015, the ASX 200 (see chart below) fell 14% over the following six months. The ASX Resources index fell a hefty 35%.
Nuance in the Retail Market: Is the Aussie Consumer Really in Trouble?
Good investors understand there is nuance in the market. What’s affecting one company in the retail sector may not impact others in the same way. That’s why I always consult the charts. They help to…
Here Comes the Fear
Is this the start of the fear? The Dow and S&P both plunged nearly 3% overnight. The NASDAQ sank 3.5%. Yesterday, the ASX 200 fell around 2%. It could lose the same again today.
Don’t Listen to Me, Think for Yourself
The Aussie market is finally succumbing to a bit of economic reality. Although the pullback so far is nothing more than a minor correction within an ongoing bull market. That would be the bullish viewpoint.…
Silver Moving into Gold’s Orbit – Silver Price Surges to 12-Month High
What I haven’t talked about so much is the silver price. But it’s now starting to get sucked into gold’s orbit. Overnight, the price of silver surged to a 12-month high in US dollars…
Commodity Markets Say…
Well, you’re probably not surprised to hear that commodities in general are happy recipients of the central bank sponsored global surge in liquidity we’ve seen so far in 2019.
For Gold, This Time It’s Different
Physical gold is the only safe haven monetary asset that is not debt. That is, it doesn’t come with counterparty risk. When central banks decide it’s normal to create money at will to ‘monetise’ existing…