not to distract on an sto board - but i said pna was most undervalued vs valuations, sfr was the best (because of its epgr profile) and ozl most overvalued in event copper falls through $2.25lb
what concerns me here for australia and australian investors is that this is developing all the hallmarks of a decade long commodity colllapse.
copper ran up 3% overnight driven by financiers (like me) - but theres nothing to indicate quantitative easing actually improves real world consumption unless the lower rates drive construction - which is unlikely with europe.
china needs to do its own qe or something else otherwise we're headed for a massive dislocation between real world demand/supply price and what financiers dirive commodities to because of qe.
this is getting scary
STO Price at posting:
$8.52 Sentiment: None Disclosure: Not Held
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