Hey IDC HoldersIt has been a turbulent 2012 on the ASX, but the...

Hey IDC Holders

It has been a turbulent 2012 on the ASX, but the team at IndoCHine Mining have continued to dot the i's and cross the t's with the magnificent Mt Kare project over the course of the year!

IndoChine Mining last week celebrated their 2 Year Old Birthday on the ASX!

They have achieved a lot in only 2 yrs and will achieve a hole lot more in the next 12 months.

The Dow Jones was up again last night the second triple digit gain in two days on the back of an imminent deal being struck to avoid the fiscal cliff.

Once this is finalised by the end of this week, focus will turn to US economic growth, corporate balance sheets, employment growth from next month.

US economic growth is accelerating from 2% GDP growth, with housing construction being the main driver, this will inherently drive consumption.

US corporations are sitting on $2.1Trillion in cash and, since the clean out of the GFC, have the least amount of debt for over 30 years. As the economy continues to show signs of growth, they will begin to put this cash to work, increase dividend payments, increase share buybacks etc. All of this will be happening while Mr Bernanke is printing $85Billion worth of cash each month and pump priming the US economy with a total of $1Trillion of extra cash over 2013!

Brilliant for Gold Price....brilliant for IndoChine Mining!

The added bonus for Australia is that China is also in stimulus mode, the Chinese will continue to buy up minerals and keep prices near record highs, which the US Financial Pump priming will continue to provide liquidity to the global commodity and share markets, especially the ASX which was severely oversold in 2012.

It is going to be a much better year for Stocks in 2013....and all the achievements that IndoCHine Mining will begin to be reflected in the share price.

Anyhow, I hope you all have a Merry Christmas and a Happy Healthy and Prosperous New Year in 2013.

Cheers Nectar


U.S. Stocks Advance Amid Optimism on Budget Negotiations

By Lu Wang & Rita Nazareth - Dec 19, 2012 8:01 AM ET

U.S. stocks rose, sending the Standard & Poor’s 500 Index to the highest level in two months, amid signs of progress in efforts by President Barack Obama and Republicans to reach agreement on a new budget.

The S&P 500 rallied 1.1 percent to 1,446.73 at 4 p.m. in New York. The benchmark index has gained 15 percent so far this year.

6:23

Dec. 18 (Bloomberg) -- Gary Shilling, president of A. Gary Shilling & Co. and a Bloomberg View columnist, talks about the outlook for the U.S. bond market, economy and budget talks. He speaks with Betty Liu on Bloomberg Television's "In the Loop." (Shilling is a Bloomberg View columnist. The opinions expressed are his own. Source: Bloomberg)

“There is certain optimism that it could potentially be done before the end of the year and that would be a very positive sign to the market,” Philip Tasho, chief investment officer at Alexandria, Virginia-based Tamro Capital Partners LLC, which manages about $1.8 billion, said in a phone interview. “Once the solutions are in the rear view mirror in terms of fiscal policy, we will simply look forward.

It’s a blip in the long-term trend.”

The S&P 500 sank as much as 7.7 percent from its 2012 high in September as Obama’s re-election set up a budget showdown with the Republican-controlled House of Representatives.

The benchmark gauge has climbed 6.9 percent since its November low amid optimism a compromise will be reached to avoid more than $600 billion in automatic tax increases and spending cuts.
Revised Plan

Obama lowered his tax revenue demand by $200 billion and offered to start tax rate increases at $400,000 in income instead of $250,000, moving closer to a budget deal with House Speaker John Boehner.

The president’s revised plan would raise $1.2 trillion in taxes in the next decade and cut $1.22 trillion in spending, said a person familiar with the talks. Obama wants a large enough debt ceiling increase for the next two years and would accept a new inflation yardstick that would reduce Social Security cost-of-living increases, said the person, who sought anonymity.

Boehner said he will push a budget “plan B” measure that will include tax increases on income of more than $1 million a year, while he continues to negotiate with the president.

Obama’s administration and other Democrats immediately rejected the proposal as inadequate.

“People have been very fearful to move into stocks and this might be one of the things to get them go back to stocks,” Brian Gendreau, a market strategist at El Segundo,

California- based Cetera Financial Group Inc., said in a telephone interview. The firm has about $20 billion in assets under management. “We see a pickup in housing. The consumer continues to spend. The recovery is there, it’s real.”

To contact the reporters on this story: Lu Wang in New York at [email protected]; Rita Nazareth in New York at [email protected]
To contact the editors responsible for this story: Lynn Thomasson at [email protected]