Sunset Strip | Aussie market leaked out a negative day while being stuck in confidence limbo with domestic woes and global uncertainties
Sunset Strip | Aussie market leaked out a negative day while being stuck in confidence limbo with domestic woes and global uncertainties. The index got down again close to fair value before bouncing back. We expect the next 2 weeks to be positive for the market with dividend money from the three big banks and MQG to flow back. Big positive moves (1) RSG was the best gold mover...up 11% (2) MGX popped 11%...bargain hunters or short covering...either way...no need to be there (3) Other gold stocks moving are RRL 9%, SAR 9%, NST 8% and BDR 8%. Big negative moves (1) HZN down 12% on oil price worry (2) HIL keeps recent decline going...down 8% (3) BCI down another 7% on Iron Ore worry. (VIEW LINK)
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