Australian (ASX) Stock Market Forum

"The best place to be is in commodities"

Jump to new
That Was The Week That Was … In Australia
Oct 19, 2014

By Our Man in Oz

Minews. Good morning Australia. Your market seems to have emerged in reasonable health after an early scare last week.

Oz. It was a remarkable few days which started with red lights flashing and warnings about over-valued assets from normally cautious institutions, including the Australian central bank, but by the time we sloped off to the pub on Friday night the numbers weren’t too bad.

Some sectors did better than others but it’s hard to overlook a three per cent rise in the metals and mining index, which almost made up for the loss of the previous week, or a 1.8 per cent rise in the gold index, which made a small dent in the losses of the past two weeks.

Minews. Is the mood down there one of confidence that we’ve had the correction and now we’re in recovery mode?

Oz. Not really. There is still a fair amount of concern about China and its future demand for minerals and metals, and Europe also features on the list of concerns given its well-proven capacity to produce nasty surprises.

Offsetting those negatives is increasing optimism about the recovery of the U.S. economy and signs that India might deliver on its promise to replace China as Asia’s growth engine.
...







Source >> www.minesite.com
 
That Was The Week That Was … In Australia
Oct 27, 2014
By Our Man in Oz
...
Minews. If it was a quiet news week perhaps we should shuffle along to prices, starting with any significant movements.

Oz. Good idea, but before we get there, the indices mentioned earlier included a one per cent rise in the metals and mining index. The gold index was down by 1.1 per cent, whereas the bank-heavy all ordinaries index was up 2.6 per cent.

In keeping with those small index changes there were very few eye-catching price moves, and not a lot of corporate news to encourage buyers or sellers into the market.

Kibaran (KNL), the emerging graphite producer, enjoyed strong support after announcing a sale of material to ThyssenKrupp. The stock closed the week at A27 cents for a gain of A7 cents (35 per cent), but did get as high as A34 cents on Thursday.

Lincoln (LML) was another graphite stock on the move, after it announced that it was close to receiving a mining lease for its Kookaburra Gully project in South Australia. The stock added A1.4 cents (37 per cent) to A5.2 cents.
...





Source >>> www.minesite.com
 
Africa Energy Outlook (IEA, 2014)

In the IEA’s first comprehensive analysis of sub-Saharan Africa, it finds that the region’s energy resources are more than sufficient to meet the needs of its population, but that they are largely under-developed. The region accounted for almost 30% of global oil and gas discoveries made over the last five years, and it is already home to several major energy producers, including Nigeria, South Africa and Angola. It is also endowed with huge renewable energy resources, including excellent and widespread solar and hydro potential, as well as wind and geothermal.








http://www.iea.org/newsroomandevents/pressreleases/2014/october/name-127248-en.html
 
11 Aussie Oil & Gas Stocks to Ride the Rising Tide in African Oil

By Bob Kohut | 28.10.2013

Africa is well on its way to becoming the next “lucky” continent with an abundance of as yet untapped natural resources. Perhaps the most promising is the rising number of discoveries of oil reserves in Sub-Saharan Africa. The following map of international exploration companies with a presence in Africa is already a bit out of date, but it shows that the big players are committed to African exploration.









http://www.thebull.com.au/premium/a...s-to-ride-the-rising-tide-in-african-oil.html
 
That Was The Week That Was … In Australia
Nov 3, 2014

>>> by Our Man in Oz

Minews. Good morning Australia. It looks like your market missed a lot of the action last week.

Oz. It did, but largely because so much happened after we closed on Friday. If it wasn’t the U.S. market hitting a fresh all-time high it was gold slipping to a four-year low.

Minews. With neither event doing much for your mining stocks.

Oz. Well, certainly not the gold miners, that’s obvious, but the continued recovery in the U.S. is sending a pretty positive signal to the rest of the world and that should eventually flow back into mining.

Minews. Let’s focus on what happened last week, starting with the indices and then any newsmakers.

Oz. Gold stocks had a rough time, obviously, with no help coming from the exchange rate as the Australian dollar rose fractionally. That meant our gold stocks copped the initial blast of the falling gold price with more to come next week, potentially adding to the eight per cent fall in the ASX gold index.

Other miners did better leaving the metals and mining index down by just one per cent, while bank and industrial stocks lifted the all ordinaries index by two per cent.
...









Source >> www.minesite.com
 
>>> Asian buyers line up for Mozambican LNG with new deals

by O. VUKMANOVIC and J. GRONHOLT-PEDERSEN
Oct 30, 2014

Countries across Asia are quietly reaching deals to import liquefied natural gas (LNG) from Mozambique, which could transform its economy and give it a front-row seat in tapping rising global gas demand.

The unannounced agreements, five in total, show how war-scarred Mozambique is elbowing past rivals from the United States to Australia by offering flexible contract terms on 20-year deals.
...













http://www.reuters.com/article/2014...-anadarko-petrol-exclus-idUSKBN0IJ1V320141031
 
>>> Platinum

Russia, Zimbabwe to Develop Nation’s Biggest Platinum Mine
By G. Marawanyika and B. Latham
Sep 15, 2014


Russia and Zimbabwe will jointly mine platinum in the African country’s Darwendale district, Russian trade minister Denis Manturov and Zimbabwean foreign minister Simbarashe Mumbengegwi said in a joint statement.
...






http://www.bloomberg.com/news/2014-...ntly-operate-platinum-mine-in-darwendale.html
 
>>> Commodity Prices Down in ISM Manufacturing Report <<<
NOV 3, 2014

In this month's survey, manufacturers noted price increases in six commodities (Aluminum*, Electrical Components, MRO Supplies, Polyethylene, Polypropylene, and Stainless Steel) and declines in eight (Aluminum*, Carbon Steel, Copper, Corn based products, Diesel, Galvanized Steel, Gasoline, and Silver). This was the first time that more commodities were down in price in a given month than up in price since November of last year, and only the eleventh month in the entire recovery (since June 2009).
...












http://www.bespokeinvest.com/thinkb...-prices-down-in-ism-manufacturing-report.html
 
These countries are getting killed by cheap oil
by Jesse Solomon
October 31, 2014

The price is not right for many oil rich nations.
Oil is selling for roughly $83 a barrel on the global market. That's bad news for Iran, Nigeria, Venezuela, Russia, and Saudi Arabia, among others. They need the black stuff to trade at far loftier levels in order to balance their budgets.
...






http://money.cnn.com/2014/10/30/investing/cheap-oil-prices-hurt-iran-venezuela-saudi-arabia/
 

Similar threads

Joe Blow
  • Locked
  • Sticky
November 2024 Stock Tipping Competition Entry Thread!
2
Replies
27
Views
1K
Garpal Gumnut
Garpal Gumnut
Joe Blow
  • Locked
October 2024 Stock Tipping Competition Entry Thread!
2
Replies
35
Views
2K
frugal.rock
frugal.rock
wayneL
The future of... The future?
Replies
3
Views
534
qldfrog
qldfrog
Joe Blow
  • Locked
September 2024 Stock Tipping Competition Entry Thread!
2
Replies
32
Views
4K
greggles
greggles
Joe Blow
  • Locked
August 2024 Stock Tipping Competition Entry Thread!
2
Replies
33
Views
3K
farmerge
farmerge
Top