The local market is down around 1.5 percent today after another bombing of middle-east energy infrastructure from Iran overnight.
This is the local market over a longer term timeframe.
The price of gold fell below $US5,000 overnight. Some analysts suggest the gold price could decline to around the US$4,400 level as investors free up some cash to exit margin requirements on other investments.
Gold stocks like Genesis Minerals were clobbered today, down around ten percent. A fifty percent retracement of the last big range up is around the five dollar mark.
The US dollar has been rising since the war started and impacts a lot of assets.
Coal stocks like New Hope have been rising lately.
Petrol retailer Viva Energy was one of the biggest gainers today.
Utility stocks like Telstra can be seen by some analysts as a safer place to invest in uncertain times.
Could Woodside Energy reach the 2023 highs?
There are a lot of different critical minerals that go into making a Tomahawk missile.
A higher price for oil flows throughout the economy including fertiliser and transport. It could be the price of food is about to get more expensive.
This graph shows that rising commodity prices could have further to run in the current cycle.
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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