Chart, page-17397

I think we can all agree we are going to be taken along for the ride of our lives the next few days.

But the markets have been looking for a reason to correct. This is it.

For our own ASX200 Index a drop to about 4800 would signal close to a correction below a very rough trend line i have put in. The market over a long period is remarkably constant, and we were out of wack.

Wont be surprised to see 50c in the coming week if it continues. The Cash on hand is GXY saviour, just take a look at PLS Performance for a comparison to two producing companies, one with and one without debt.

This is all my opinion and no advice at all.

See both charts below.