""AUSTRALIA is set to soar out of its economic downturn sooner and more sharply than forecast in the budget, according to forecasts from the Organisation for Economic Co-operation and Development understood to have the backing of the Australian Treasury."" This may bode well for our Market and hopefully may even see us break our shackles to the performance of the markets in the US. The full article can be found Here
On my watch list today:
SRR-Announced and confirmed extensive Manganese mineralisation- Target of 25c, possibly 28c
SLV- confirmed media speculation about discussions for a possible sale of the co. We could see a case of sell the news, with a bounce trade opportunity, or the price may well just rise on the confirmation.
AGS- announced a doubling of its Uranium Resource- the slow stochastic on the chart looks about to turn anyway, which means condictions are right for a strong reaction to the news. Target 70c, with 80c possible. Will play the momentum
BOW- on news- “large volumes of gas have desorbed from the coal sampled, suggesting high gas contents””. This shares slow stochastic has been bouncing along in oversold territory for a while now- could see a nice move up today on the ann- looking at target of $1.00, but will wait for a confirmed trend first.
