Read the below interesting article on Bloomberg (and the referenced article on Australia’s Bureau of Meteorology) and thought it was worth sharing.
http://www.bloomberg.com/news/artic...eather-forecaster-warning-of-possible-la-nina
http://www.bom.gov.au/climate/enso/
If ABM is right, it could mean that the drought concerns in Australia clearly have been over-played by (especially fund managers) sellers of SHV, why recovery could be justified.
More interestingly is the potential impact on US listed in the Bloomberg article. La Nina could bring more drought (less water than El Nino) to the already struggling farmers in California.
Though, have to add in that success rates for weather forecasters are not great...
Read the below interesting article on Bloomberg (and the...
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Last
$4.14 |
Change
-0.070(1.66%) |
Mkt cap ! $507.2M | |||
| Open | High | Low | Value | Volume |
| $4.21 | $4.21 | $4.13 | $65.32K | 15.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2663 | $4.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.14 | 1327 | 11 |
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| Last trade - 12.39pm 16/08/2024 (20 minute delay) ? |
| SHV (ASX) Chart |