IRON ORE SPOT $US 115.7 "Port Hedland shipping volume figures for March were insane, up 38% year on year, 24% month on month, with China’s largest ever month by 7%. Korea and Japan also had blowout months, accounting for the madness." "What do we make of this? First, large volume gains are expected given the BHP and FMG capacity ramp up" ------------------------------------------------------------
OVER THE WEEKEND-
GOLD - up, to back over $1300 an opportunity to buy back into gold stocks if you think it might it might ease back up a bit. the feeling in the US, with the slightly lower than expected non farm payrolls, is that Yellen will keep interest rates down for a very long time yet - gold up, and 10 year bond rates down up as a result.
$A - 93c. - so retailers down - a long opportunity here with HVN (l went long here this morning ) now i realise prior to sending this - that they weren't quite so cheap as they went ex an 6c. dvd today - thanks for the info BENDIGO but too late.
10 yr. bond rates down - as a result of this and the $A our banks are likely to be ????.
MML - dropped this morning due there intention to delist on the LSE, and at the moment are a buy opportunity, imo.... got some this morning cheaply, i believe, considering the POG appears to be moving up and the scene in the US is more favourable for gold imo.
