The current ~$420 million takeover offer by OZ Minerals for ASX listed Brazilian copper miner Avanco Resources should pique the interest of investors in Brazil, a major global producer of a number of commodities with highly prospective geology, but with only a relatively few ASX listed resources companies operating in... Show More
Chinese steel consumption is the most significant variable in determining the iron ore price. China consumes over half of the world’s iron ore each year. As such, and while supply themes play a role, cycles of Chinese credit growth and housing activity are the key factors in determining iron ore... Show More
The sky is not falling was the message in September 2017. Our message was that the overall market did not show excessive valuations, which generally is a precursor to stock market corrections. However, our market outlook dimmed due to recent ‘risk-on’ rally, where most of the year’s return was delivered... Show More
When we asked you to suggest a stock tip in our 2018 Livewire reader survey, there were a few names that came up regularly. Drawing from the database of 2617 responses, here are the 10 stocks that readers tipped the most, with exclusive insights from our contributors for each one.... Show More
Strong investor interest has continued in the junior and mid-cap resources stocks through 2017. Despite a relatively flat first half of the year, the second half has seen a 20-30% increase in the relevant ASX indices on the back of steadily improving metals prices, particularly in the base and battery... Show More
Given recent headlines and speculation with respect to commodity prices, I thought it worthwhile to outline my views on the near-term picture. Overall, I remain very optimistic with respect to prices and demand. In particular, recent positive Chinese commodity demand data and outcomes from the recent Chinese Communist Party Congress,... Show More
In a recent interview, Platinum Asset Management CIO, Andrew Clifford, delivered some important insights on Chinese market opportunities. We have pulled out five key takeouts for you below. Show More
Commodity prices have defied pessimism and rallied solidly over recent months on the back of improved Chinese economic prospects, stability on the European political front, some degree of acclimatisation to Trump-related government volatility in the USA - and a weaker US dollar. Show More
There have been some real fireworks in the base metals complex in recent weeks, with Zinc and copper hitting multi-year highs, and nickel and cobalt moving very strongly. Sprott Asset Management has published a view on the fundamentals in the metals, suggesting a decade-long technical downtrend may be ending: Show More
Rio Tinto has reported an interim underlying profit of $US3.94b, up from US$1.56b a year ago. The result was slightly lower than consensus forecasts. Its interim dividend jumped to a record US$1.10 per share, compared to US$0.45 a year ago. Show More
If you care about the outlook for the iron ore price then you care about the outlook for the Chinese property market. A simple analysis shows that a major driver, if not the major driver, for the iron ore price is the pace of growth in real estate fixed asset... Show More
A weak session for the local market yesterday with early optimism fading throughout the day and the market limped into the close. A similar session played out in the US overnight with markets giving back early gains to close fairly flat for the DOW and S&P 500 while the Nasdaq... Show More
Despite a flat few months (and some EOFY selling), there continues to be strong investor interest and good value in the junior to mid-cap resources 18 months into the current cycle, particularly for those companies with quality management and projects. Gold is holding its ground at around US$1250/oz, and despite... Show More
The Dalian iron ore futures originally completed a technical top formation / closed below key support on 27/3/17 at 566 thereby generating a technical sell signal and resulting in the technicals turning negative. The subsequent sell off resulted in the initial downside target @ 516 and secondary sell signal target... Show More
This Bloomberg article, ‘Lucky Country getting left behind’, demonstrates the extent to which our market has decoupled the global equity trend, and also the extent of the iron ore slide, the carnage in retail, and the narrowing yield spread. Bets are now increasing for a rate cut… Show More
Morrison is hoping that the economy will miraculously pick up, leading to a surge in tax revenue which feeds into the estimate of a return to budget surplus in 2020-21. Suffice to say, any shortfall in what would be a strong performance in the economy will lead to yet another... Show More
DALIAN IRON ORE FUTURES (470) - downside target located at 450 Show More
Dalian iron ore futures - a close below 485 if it occurs would signal next major downward move. Iron ore recently completed a technical top formation / closed below key support on 27/3/17 at 566 thereby generating a technical sell signal. This was the first technical trend change in the... Show More
The Dalian iron ore futures recently completed a technical top formation / closed below key support on 27/3/17 at 566 thereby generating a technical sell signal as detailed in this recent Wire. This was the first technical trend change in the iron ore price since the buy signal was originally... Show More
The Dalian iron ore futures contract originally generated a technical buy signal on 28/01/2016 as detailed in a previous Wire (link below). The iron ore price technical outlook turned positive at that point. The Dalian iron ore futures has now completed a technical top formation / closed below key support... Show More
