The local index is making a series of higher lows which can be seen as a sign of strength.
Champion Iron is one of a few iron ore companies that jumped on an increase in the price of iron ore.
This chart of Light and Wonder shows how quickly things can change as price dropped sharply after an unfavourable announcement.
Data#3 is just hanging onto the up trend line for now.
Junior gold miner Pantoro looks to be moving higher after breaking above a resistance zone.
Boss Energy is one of a few uranium producers going up after some favourable news on the nuclear power front.
Coles looks to have run into a resistance zone at around the same time as the ACCC is investigating alleged false discounting.
This graph shows the increasing gap between US GDP and US debt.
This comes from a Fat Tail Daily publication and shows the diminishing amount of gold discoveries compared to the amount spent on exploration over the past 30 years. According to some analysts this increasing scarcity adds value to the gold already mined.
Disclaimer: The commentary on different charts is for general information purposes only and is not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column.
To order photos from this page click here
