daytrade diaries... december 9 part 2, page-38

The Australian share market was lower at noon, led by declines in gold and resources stocks amid weaker oil and gold prices.

All Ordinaries had slipped 41 points, or 0.88 per cent, to 4,645.

Analyst said "The US dollar has shown some strength in the last few days so there's been a large trade in that space, buying gold, buying oil and buying commodities. That's sort of being unwound a little at the moment so that's having an effect on mining and gold stocks."

ABS figures show a 1.4% drop in housing finance in October.

The Bureau also says Australia’s balance of goods and services for October showed a deficit of $2.379 billion.
Coal miner Aquila Resources Ltd (AQA) says its wholly owned subsidiary Washpool Coal is to undertake a feasibility study for the Washpool Hard Coking Coal Project, a proposed open cut coal mine situated in the Bowen Basin, Central Queensland.

The company anticipates that the project will produce between 1.6 and 2 million tonnes per annum of product coking coal for export markets. Aquila says work is continuing on the feasibility study in a number of areas including coal quality, infrastructure design and mining operations. Aquila Resources posted a loss of $26 million for fiscal 2009.

Majority of sectors are in the red at midday, however the Real Estate Investment Trust index is one of the only sectors not in the red which is up a point at 848.
The worst performing sector at midday is the Materials index, down 216 points to 12,001.

Gold is trading at US$1,132 an ounce and the Aussie dollar is trading at 90.45 US cents.

AED: in 53c and out 55c(Too early exit)
NCM: in $34.55(Believing Gold will bounce back 2morrow)
ROL:Watching and will re enter
OEX:In .19c and out at stop loss .185c(I didn't like anns:)

http://www.marketwatch.com/
http://www.thebull.com.au/
http://www.news.com.au/business/

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