gold, page-85357

Gold stock sentiment indicator.
Reality sucks.
The impact of a global recession, possibly depression, is beginning to be appreciated yet is hardly felt. At least by the private sector.
US markets not looking pretty with a sizeable reversal last night. Not surprising really.
If you think COVID-19 is the cause of our current malaise, I suggest you visit this site for an overview of the Aussie private sector.
https://www.rba.gov.au/chart-pack/business-sector.html
It has such handy bits of information like this. Shows the tiny little sugar hit from tax cuts.
A picture paints a thousand words.
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This one suggests that engineering is behind much of our productivity.
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And where is the engineering investment going?
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Note the turnaround in mining investment?
And finally, how are our business sectors performing?

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As far as I am aware, there is no such thing as a zombie mining company. They go belly up.
It also appears there is a lot of mal-investment in the non-mining sector.
You can understand why there is such a focus on metal prices and STEM studies.
Problem is the rest of the economy. We need an overhaul.
All those lovely non-mining corporate profits are not going into investment or wages.
Value-adding to our mining sector (building on strength) could be a good place to begin dragging our economy out of this slump.
Problem is every time something decent is created in Australia, it disappears overseas (think solar, battery technology, wifi, etc).
In the meantime, it looks as if mining as an investment is the place to be which now appears to be on the cusp of a significant upswing, supported by rising profits.
And the best of these is gold.
A bit of a pause yesterday. Do not want to see a lower low but the bottom appears to be in.
Here is the indicator.
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