The rising cost of opex and capex combined with high funding costs and lower commodity prices is beginning to impact on the viability of some Australian mining juniors.
Robert Clayton of GTL Management suggests oil could run to US$105, then US$110, and even on to US$122. That’s WTI, not Brent.
US earnings are beating estimates but Wall Street is selling down stocks which don’t knock everyone’s socks off. Dow down 82. (Accessible only for subscribers before 10:15 AEDT)
There would have been a lot of weary computers drinking after market in New York bars last night, but not a lot of investors. Dow up 194. (Accessible only for subscribers before 10:15 AEDT)
FNArena’s weekly update on short positions in the Australian share market.
Why is it that DJ Carmichael labels Jacka Resources “The Most Undervalued African Explorer on the Market”?
Profit-taking in Apple dominated Wall Street last night despite the Dow trying to push higher (up 71) leaving the broad market index flat. (Accessible only for subscribers before 10:15 AEDT)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
With little investor interest, it’s a traders market out there. Wall Street is jumping at each tidbit of news and speculation and last night that was positive. Dow up 181. (Accessible only for subscribers before 10:15 AEDT)
A glance through the latest expert views and predictions about commodities, with brokers updating commodity market outlooks, revised oil price estimates and a possible entry point for gold.