s&p500 breakout highest in 3 years

Hey Guys

Movements in US stock exchange have a direct flow on affect on the ASX.

The breakout that we saw last night, the highest the S&P has been for over 3 years is an excellent indicator of where the ASX is headed in the next few months.

We saw this in March 2009, when the S&P bottomed out, followed then by the ASX, then it lifted, followed by the ASX. We are seeing the same movements here.

It is the big US and European instos/Super Funds/Hedge Funds etc that lift our ASX. No question.

As IndoChine continues to build their business by working on the PFS and return the high grade drilling results to markets, this positive movement in the ASX will amplify our returns in coming months.

The charts are now beginning to reflect the macro economic improvements in the global economy and the incredible $US1.5Trillion or $US1500Billion) stimulus measures that have only just begun to flow in the global economy.

And this excludes the imminent Chinese monetary stimulus.....

Remember Keynes' multiplier affect in Economics101??

This is 6-9 months away from taking affect, accelerating the flow of these Trillions of Dollars in the global economy!

Just as IndoChine completes its BFS and a final investment decision is made in December 2012! Only 9 months from now. :)

The S&P, DJ and ASX are significantly undervalued when using Price/Earnings Ratios.

As the US economy grows, so will financial sector, discretionary spending, technology, etc profits, lifting future earnings expectations, lifting stock prices!

http://www.bespokeinvest.com/thinkbig/2012/3/2/sp-500-sector-pe-ratios.html

As China begins to loosen monetary policy we will see significant increase in demand for our minerals, lifting the Materials Sector where IDC is sitting!

As IDC derisks their Mt Kare project as they move closer to a Gold Mining Developer as the PFS is completed, then we will see its Market Capitalisation match, if not exceed other developers in coming weeks and months.

There is a direct correlation between these variables that affect a share price.

Interesting its all these new comers to IDC that are so negative about it, while the Disclosure on HC states: Shares Held in IDC.......If they believed what they write, then it would state No Stock Held! :)

Don't be fooled. Seen this many times on HC!

SDL ABY GRR TTY HIG etc etc over the last 4 years!

Stay focused, and ignore people who are down ramping to steal your shares. :)

Cheers Nectar