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XAO Banter Thread

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Maybe we should get a room.
Done my tough life.... Starting to refuse to be in Melbourne winter time

XAO done nuff'n all year. Setting itself up for a Christmas rally?
 
Price action all year, especially action on the overnight sessions all year, does seem awfully like distribution, lots of tall wicks at highs and rallies failing to consolidate at highs/retracing.

One gets the impression not much holding up the XJO except AUD weakness.

Like all assets in my portfolio, I'll be buying when my allocation is underweight but the chart doesn't look great.

 
GNC, ELD aren't bad today (I don't hold) Our supermarkets etc..

Starting to think that with the volatility and fear, investors are heading towards the staples?

And, the weak Aussie...how about investing in stocks that pay divs in USD? Isn't that a hedge in currency?
 
UMike said:
Maybe we should get a room.
Done my tough life.... Starting to refuse to be in Melbourne winter time

XAO done nuff'n all year. Setting itself up for a Christmas rally?
Click to expand...
Been thinking about going north ever since .........warmer and sub tropic, UMike. Think of all the exotic fruits and vegies we can grow. If we can't, going to farmers markets are a delight up there....the exotic fruits will make some eyes pop....weird and exotic, some have 'horns'' on them...can't remember the names
 
sort of , sometimes that opens you up to US tax liabilities on top of the usual ones

it also assumes the US dollar stays dominate over the next 5 years
 
Happy Saturday evening.

Over the last 25 years, the US was at the forefront of innovation and growth with amazing companies like Google, Amazon and Facebook becoming global behemoths. The Central Bank governing the worlds reserve currency cut rates to nearly 0% and grew its balance sheet by $6 trillion buying government debt. The Federal Government deficit in the US stands at a staggering 120% of GDP.

Over the last 25 years, the US benchmark of the worlds most amazing businesses, the S&P500, underperformed the MSCI Australia index by 6% on a same currency total return basis.

 
Happy Saturday evening,

In 1997 you could've bought the MSCI Australia index, reinvested all dividends, or bought a lump of useless yellow metal that yields nothing and had a nearly identical financial return.

A statement that held pretty much consistently true every year since then.

(disclaimer: this chart doesn't account for franking credits for stocks or custodial fees for gold)

 
There are plenty of strong downtrends in Aussie resource companies.

Lithium producers (not wannabe's): AKE, PLS others, IGO,

Wannabe miners: CHN, RTR, RXM, AGY, ARU, HAS,

Others: JDO (wants to be a bank),

They're not looking likely at the moment. Victims of the strong USD perhaps, plus rising costs, lack of suitable job seekers.
Are we waiting for interest rates to start falling?
 
am still deciding whether to return to IGO . i liked it better when it had an interest in the Tropicana mine

i still think lithium investment is over-rated
 
^^^
Apparently Charter Hall Grp second best ASX200 performer yesterday and a few other reits did well.

From yesterdays livewire James Gerrish:
  • The sectors that have struggled with rising yields were the key today – property stocks are a sector we’ve been highlighting in recent notes.
  • Centuria (ASX: CNI) +11.46%, National Storage (ASX: NSR) +4.74%, Goodman Group (ASX: GMG) +3.43% & Dexus (ASX: DXS) +4.47% all performing well – it has been a while since we said that!
 

Technical Summary​

Type5 Min15 MinHourlyDailyMonthly
Moving AveragesStrong BuyBuyBuyStrong BuyNeutral
Technical IndicatorsStrong BuyStrong BuySellStrong BuyBuy
SummaryStrong BuyStrong BuyNeutralStrong BuyNeutral
 
eskys said:

Technical Summary​

Type5 Min15 MinHourlyDailyMonthly
Moving AveragesStrong BuyBuyBuyStrong BuyNeutral
Technical IndicatorsStrong BuyStrong BuySellStrong BuyBuy
SummaryStrong BuyStrong BuyNeutralStrong BuyNeutral
Click to expand...
Thanks @eskys, it has been a good run, the only ones still motoring ahead in my superfund are RHC, Gold, FMG and RIO. This is a welcome short pullback hopefully. I always worry when the gain or loss is ballistic.

gg
 
My gains aren't counted, but losses are a weight, GG.

The market was up last night, every sector green and our dollar is up, now 68 cents as I type.... +1.07%
Every sector green. Heaps of pre market trades today, interesting looking at the course of sales. Good luck
 
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