The local market is slowly chugging along and briefly hit a fresh high today.
The US stock market as measured by the SPY ETF is holding up relatively well despite the nature of Trump announcements and a stubborn inflation outlook.
Generation Development Group’s price rise did not miss a beat after a recent capital raise.
Former high compounding stock CSL has been in the wilderness for a number of years and investors did not like the recent earnings update. True believers reckon the company’s massive research and development spend will one day bear fruit.
Meanwhile real estate marketer REA Group keeps heading north.
CBA just set a new record high after their latest results came out.
Gold miner Evolution is fast approaching all-time highs with a massive earnings increase for the last six months.
With hopes of restarting the old Adelong Gold mine junior miner Great Divide has had a stellar two months.
Junior gold explorer Koonenberry Gold is a pre-discovery outfit with some promising prospects some say.
This comes from an All Star charts free webinar and shows their view of a possible breakout in the platinum futures price.
If platinum prices go on a tear you could expect local mob Zimplats price to also rise.
Coffee futures prices are the highest they have been since 1977. The lower purchasing power of the US dollar over that time makes it dearer than this chart might suggest.
The US stock market could be destined for a decent pullback sometime soon if the recent tendency to correct after the yield curve turns positive continues.
The much talked about Buffet Indicator is at extended heights not seen since the late 1960’s and early 2000. Given the global reach of some of the biggest stocks in the world listed in the US those words “it’s different this time” have been said. Buyers be aware.
Gold has been chugging along nicely the past 20 years and over the last year went up a massive 50 per cent in Australian dollar terms this calculator says today. Might give house prices a run for their money over that period as well.
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. Cheers Charlie.
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