For overseas investors our currency is expensive and has risk of falling...profit taking. The metals market is probably topping out after a good recovery...50%. The action is likely to move to the energy sector which has been in the doldrums for a while with the oil price. Oil sector usually moves opposite to metals market. Unfortunately we do not have any big oil companies, so our major indices may drift lower and follow the metals market as it goes sideways. In this period of change, look for stocks moving off the bottom in the energy sector. This will include wind power, uranium, coal seam gas, as well as the traditional oil and gas. Oil exploration has been disrupted in the Mexican Gulf so we may see shortages this winter in USA. Social unrest in Europe may also disrupt oil supplies and refining.
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