uranium hot on johnny's agenda according to CNBC. Full moon obviously taking its toll on the general equity markets today.
I havent been holding a non-resource stock for some time ... u know, the ORM 80/20 rule.
Interest rates still moving and prob on back of expected higher inflation cos of expected continued rising commodities .... no kidding ........ called cost push inflation but only early stages yet.
USDX is Dr Doomed according to mega-Olympian "intelligence" reports ..... no kidding ....... and that means rising rates are gonna soon start biting into asset values (?) ....... called asset deflation coincident ..... "stagflation".
USDX which bounced to a tech high 92 is now resuming downtrend with 79 previous low due to get breached in due course for mine. Thats a driver for higher metal / energy prices in itself.
Some overseas gold guru two years ago suggested sell yr house and buy gold .... good call then. Olympians aint so extremist and prefer to sleep in their house instead of the park, so have been applying the Ark Compass theory for such coming economo-floods.
Anyway, Oz uranium exports and a later falling AUD will keep Oz afloat so long as silly people dont scuttle that grand plan.
I dont think the golden goose is in any "danger" when it is so close to laying so many golden eggs. Too many slick global hedge funds around looking for ORM Arks and free call options on Uranium now u would think.
CMR are so undervalued on market cap cf our peers and more likely to now be a good magnet for funds flighting to quality.
Any traders still aboard? U really gotta change to a long term investment philosophy for CMR for real reward/time result IMO.
Volume thinning out again.
IMBOOC
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