The near 30% price fall in Allco Finance Group shares since Mid-March is overdone according to Intersuisse, the broker rating the stock as a strong Buy at current levels.
The Westpac-Melbourne Institute Index of Consumer Sentiment rose to 115.7 in September from 111.1 in August.
Newcrest has become the latest major gold producer to commence buying back its hedge book. A thumbs up from analysts everywhere.
Spot U3O8 took a breather this week. Meanwhile more and more experts are cutting their price forecasts for uranium, and target prices for producers.
The Dow put on 180 points last night as Bernanke said nothing in Europe, the US dollar weakened, gold surged, and oil hit an all time high.
As investors factor in rate cuts in the US foreign exchange markets are re-pricing accordingly with the US dollar weakening and the Australian currency being supported by interest rate differentials.
Intersuisse rates M2 Communications as a Buy for continued growth in revenues, profits and dividends as the company grows both organically and via acquisitions.
A monthly survey by National Australia Bank has found that business conditions throughout Australia remain at record high levels, increasing the chances for another RBA rate hike this year.
Wall Street was unsure just what clues were provided by various Fed statements last night, while a Japanese recession looks more clear.
Credit Suisse prefers gold and platinum above silver and palladium.
