As expected, the Aussie is dropping against the US dollar....

As expected, the Aussie is dropping against the US dollar. Unfortunately though, the commodity prices have continued to slide and this negates any real gain. That would be a double gut punch to the overseas players like IBG and I really can't see their fortunes changing fast. The price of zinc should rebound soon as supply is cut however the continued strength of the US dollar makes their project unviable, with costs far too high.

It could worse, iron ore and energy stocks are getting hammered. Actually, Newmont was down 7.7 percent on the drop of gold. I'd hate to be long in gold at the moment.

Now to the good news, tin continues to sneak higher on the back of current supply constraints.
DID YOU HEAR THAT MACQUARIE?!? Lol

Anyway, not much action today but I do see a whack of shares added to the board at 3.5 cents.

Oh, and btw, the Top 20 increased their share by another 0.01%. Keep those golden shares dropping, settlement is coming (me thinks)...

And that Top243 seller, ya gonna regret it. Toot!

;-)