Whilst commodities are down, one thing in favour of our miners is that our dollar has fallen about 10% in the last couple of weeks. When you convert current gold, copper, etc prices they are close to where they were when our $ was 98c two weeks ago.
It is widely reported that comoodities generally pick up in the last quarter of the year. However market sentiment will see our miners belted on Monday. Personally I'll be looking for baragins next week if the trend continues down on our bigger players (bhp, rio)
OZL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held