Hi guys,
Couple posts cross sectors;
Macro - Nice push by australian markets today. Would be nice to see it at this level and wiggle sideways...anyday now lol. VIX dropped which is a good sign but DOW and XJO still little choppy.
Happy with XEC and XSO charts however.
Cobalt - Breaking out now, into yearly highs on back of Glencore having a Chinese firm offer for 1/4 of the years output. Glencore still unhappy on price and think they get can get better regardless of the size on offer.
https://www.reuters.com/article/us-...to-chinese-firm-falter-on-price-idUSKCN1GI1KN
Gold - Lots of very strong producer names. BLK highlight for today announced AISC of $912/ounce which is only beaten by PRU. Also a ramp up in production $5M profit for this month and $18M increase to their bank account for this month.
Updated Gold JORC/EV table. Lot of the names on this table looking very strong. Some charts below the table of the strongest producers/majors (Excl. BLK).
Zinc - Sudden increase in warehouse stockpile forcing a drop in spot.
Random - Just a few random technical setups I like
Cheers
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