Buyer running in, page-194

Hi Makingmoneystill:

Sorry mate; I hate to be the one to put you in the manure, but you did make the following forecast yesterday:-

“ btw, the whole market has gone to sheet as a whole picture because the whole country is waiting to find out tomorrow if the numbers that are going to come out will represent negative number that will confirm or deny that we will be in a recession as of Wednesday morning, Tomorrow morning when you wake up dont forget to turn your radio to 720 abc and listen for the bad news that will be confirmed that we are going into a recession, or turn on the tv and watch it on any channel,”

Well, you got that badly wrong. This is just out on Hot Copper Business News -:

• Q4 GDP rises 1.1 pct q/q to beat forecasts, up 2.4 pct y/y
• Consumer spending, exports and govt investment all upbeat
• Nominal GDP jumps 3 pct q/q, biggest gain since mid-2010
• Supports RBA optimism, market prices out chance of rate cuts

Australia's economy rebounded sharply last quarter as commodity exports boomed while consumers and the government lifted spending, extending the resource rich nation's 25-year streak of uninterrupted expansion. The recovery saved the political blushes of the conservative government of Malcolm Turnbull, which is riding low in the polls and might have come unglued at news of an actual recession.
"No recession, all the doomsters can go back to their caves," said Shane Oliver, head of economics at AMP Capital.

Don’t stress, I have made a few wrong predictions on H.C, including that there was absolutely no chance Trump would become President. No worries, pick yourself up and keep plugging away. Let’s hope we have better luck picking shares.

Speaking of which, fellow Cadsters, our price will keep fluctuating for a while but when she gets going I predict it will go absolutely gangbusters. I have just sold mine but will re-enter the market strongly very shortly. Obviously pending drilling news but based on our locations we should be really upbeat on our prospects.

Cheers
U