General Discussions, page-11989

@Scotboz

The Global Economic Outlook in the Short term looks choppy and the big funds and even day traders are sitting on the sidelines at present taking a minimal risk approach

Inflation coming in hot again wasn't great. All eyes now turn to the 28th of July for the Q2 GDP Figures. Estimates are that a technical recession will be confirmed with an expected decline of -1.5%

Commodity Futures for Iron Ore, Oil & other industrial minerals are pricing in a decline in growth over the coming 6-12 months and are beginning to decline.

Whilst this all seems negative, it will actually will slow inflation, allow supply chains to stabilise and bring us back in line for the medium term (Providing no Black Swan events such as Covid or a War flare up again)

I am more than happy that RNU the past few weeks has been trading sideways. If it continues to hold around the 15-16c mark for the short term that is pretty bullish for the medium term IMO