The financial sector led the Dow down 240 points last as the IMF declared no end in sight to housing woes.
Some better economic data saved Wall Street from further destruction on Friday, although attempts to rally were mostly snuffed out. The Dow closed up 21.
Newcrest is finally delivering on production expectations at Telfer and with new project to deliver a reserve upgrade broker remain positive on the stock.
Recently listed goldminer Alchemy has joined the growing breed of explorer/producers establishing proven cashflow projects in order to finance their belief in the big one.
The financial sector collapsed last night as a worst than expected home sales figure snapped the market out of its trance. The Dow fell 283.
Oil fell another US$4 last night, three Dow stocks “beat the Street”, but the Dow managed only to stagger up 30.
Sino Gold delivered a solid quarterly production report and stockbrokers see a bright future for the company given a number of new projects are set to come on stream.
The Dow closed up 135 on its late rally last night following news that sent oil falling and financials soaring.
B of A beat the Street but failed to ignite the market for a second week as oil bounced. The Dow was down 30 but there were some very poor aftermarket results.
The Dow jumped another 207 last night as oil fell another US$5 and JP Morgan played the star.