Gold & IOP at record highs.
US$ is dropping again
US$ should recommence is lower move and whoever wins in November it will collapse more weighed down by that US$3T in debt that is now building fast, deficit driven spending will smash a currency, there are many examples.
QE will drive even further devaluation and thereby higher commmodity prices.
The world is building like crazy, its government driven using debt/deficits to drive growth
even In OZ Italy China, the cranes were up and building during covid shutdowns,
how many freeway and road repairs are you passing daily, for me hundreds!
Steel is the commodity of the future, from cutlery to signs to buildings and fabricated frames & concrete stabilisation rods.
Its in a sweet spot. Who knows how long it will last, maybe years?
Watch the US$ though.
IRON ORE TO BOOM according to PLAATS HEAD, page-11
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |