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investing.com has the ( US ) futures slightly green , just don't hold that breath too long ( wink )
investing.com has the ( US ) futures slightly green , just don't hold that breath too long ( wink )Any lead that gives our "follow the leader" ASX a lift is good. Waiting with bated breath for the DOW tonight.
That is a really interesting point.what will be interesting is , IF there is a late rally this week , will it be be broad-based , or focused buying ( and if so, which sectors are preferred )
Hello divs4ever,i was hoping more for guidance on sector rotation
but any accurate tips ( on future trends ) would be helpful in what i expect to be a tough year
but defensive ( to protect against a big downturn ) v. 'growth ' ( trying to outpace inflation ) will be an interesting battle to watch
maybe taxes will be a deciding factor ( governments trying to claw in more revenue ) do governments increase royalties , or maybe capital gains taxes , or perhaps squeeze real estate harder
my pick is governments will chase more revenue rather than trim costs/expenditure ( despite my wish they would slim down government )
The economic cycle likes commoditiesrcw1 likes commodities ...
Australia likes commodities....
The world likes commodities .....
i have done ( fairly ) well in commodities as well , but in a world buried in debt who is going to consume those commodities in the next two years , since Australia would rather extract and export , rather than value add first , and since we don't value-add , where is the next wave of exploration/development capital coming fromHello divs4ever,
rcw1 likes commodities ...
Australia likes commodities....
The world likes commodities...
Have a very nice evening.
Kind regards
rcw
Location of projects at the committed stage, as at 31 October 2022:
(Source: Department of Industry, Science and Resources (2022)
View attachment 150663
Good evening divs4ever,i have done ( fairly ) well in commodities as well , but in a world buried in debt who is going to consume those commodities in the next two years , since Australia would rather extract and export , rather than value add first , and since we don't value-add , where is the next wave of exploration/development capital coming from
do we extract , export and waste money on silly war games ( which translates to no capex in the next 5 years ) or do we get serious and re-industrialize Australia , if Russia can be ( nearly ) self-sufficient why can't Australia , the weather is much better here ( sun-power, wind-power, wave-power, uranium , oil , gas , coal all there to be tapped wisely )
i would rather recycle the investment cash and let the profits run ( where sensible ) but the cycles might be out of sync this time , picking the best trend might be difficultBeing an accumulator not a trader , I've found the quiet time when fundies are away and b4 resolutions are enacted to have been a good time to partake in some buy action. I mean, if there's going to be a rally, may as well hang around and enjoy it.
Some might find that counterintuitive, but it's worked for me.
Taking Tiger Mountain by Strategy.
wetter than normal is good for D20 , normal is better for RFF , but all these 'normal conditions ' aren't so good if commodity prices drop in parallel , and more production will exacerbate any skill shortages .Good evening divs4ever,
The La Niña weather pattern is forecast to fade in early 2023, the weather man reckons and the Indian Ocean Dipole appears to be normalising. Nice. In combination, this reduces the chances of wetter-than-normal conditions in eastern Australia, easing concerns about disruptions to mining operations and rail transportation.
Food for thought.
Kind regards
rcw1
Hello again divs4everwetter than normal is good for D20 , normal is better for RFF , but all these 'normal conditions ' aren't so good if commodity prices drop in parallel , and more production will exacerbate any skill shortages .
remember Albo is trying to stare down China but not warm up relations with India and Mexico
I do wonder also about the effect the weather may have had on consumer sentiment and spending?Good evening divs4ever,
The La Niña weather pattern is forecast to fade in early 2023, the weather man reckons and the Indian Ocean Dipole appears to be normalising. Nice. In combination, this reduces the chances of wetter-than-normal conditions in eastern Australia, easing concerns about disruptions to mining operations and rail transportation.
Hello Smurf1976I do wonder also about the effect the weather may have had on consumer sentiment and spending?
Purely anecdotal but as of a few weeks ago, people seemed to be getting well and truly over it and that may well have contributed to a sense of doom and gloom.
It also means warmer ,drier, droughts and fires.. which will be blamed on cow belching and mining..Good evening divs4ever,
The La Niña weather pattern is forecast to fade in early 2023, the weather man reckons and the Indian Ocean Dipole appears to be normalising. Nice. In combination, this reduces the chances of wetter-than-normal conditions in eastern Australia, easing concerns about disruptions to mining operations and rail transportation.
Food for thought.
Kind regards
rcw1
gold is very important in the Indian marriage ceremony , so that is almost guaranteed consumer demand there ( the 'marriage season also makes Indian retail demand rather seasonalHello again divs4ever
Extraction , production and transportation costs crippling when price not there, 100%, nevertheless, wouldn't want to see any disruptions to this. Commodity prices reliant on demand and supply. All depends...
Ah yes the politicians, who knows, don't really think they do either... ha ha ha ha. Our elected representatives.
Been doing some reading about China and India, particularly with respect to consumer demand for gold. Havn't quite got the bottom of it all yet.
Have a very nice night.
Kind regards
rcw1
Yeah I guess so but while I'm making a half a quid or two rally onMore like a santa smile. When it's above 1st December numbers I think that we can call it a rally.
View attachment 150752
The bounce from near the 200-day MA is an encouraging sign, but XJO is now seeing some resistance from the August highs and monthly pivot point right around 7140. Perhaps a break above this level can allows for a retest of the Dec 1 highs, although time is running out for it to be considered a Santa Rally.More like a santa smile. When it's above 1st December numbers I think that we can call it a rally.
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