US "Cyber" Attack? Shuts NYSE, Trains and Airports.. | Iron Ore in "Free-Fall" .. Where is the Bottom? | Alumina Disappoints.. AWC in Focus |

Niv Dagan

Peak Asset Management

Good morning, Is it Friday already? Every day at the moment feels like an absolute “eternity” as the global volatility intensifies… NYSE suspended trading for 4 hours last night? Wall Street Journal closed? United Airlines grounds all flights Subways closed in NYC 2,500 people in “mysteriously” lost power Cyber stocks rallied last night…. Dow – 264 points… The issue now is iron ore and China … Iron ore fell ~ 10% in the past 24 hours, as Chinese markets plunge and growth slows… RIO is now below $50.00 BHP is now trading around $25.00 FMG is below $1.70 Sure… opportunities are starting to arise, but where is the floor?? The inherit issue in Oz is our reliance on the base metal…… AUD is below $0.74…. every $1.00 iron ore falls, reduces our fiscal revenues by ~ $300 Million……. Australia, the lucky country? mmm……… The SPI is pointing to a 23 point fall this morning

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Niv Dagan
Niv Dagan
Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...


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