@cha Nice macro summary.
Trends always a good place to look; thought I would do a quick check on Finviz future charts & just a quick series of trend arrows Green = up red = down & blue = sideways ..... longer arrow = longer trend. Very quick by eye but always useful I find and they support
@cha calls;
Gold: agree re ST direction v unclear and on sidelines for now; realised in last few weeks I was suffering a terrible affliction for anyone into TA "I was LOOKING for it to go higher".
Most still say that it will be much higher over time & I was caught up in that. I for one see nothing in the tea leaves that point much higher med/longer term. Anyone got any reason to justify the "much higher over time" thought?
Waiting for next signal.
Copper
So clearly in a med& longer term up trend.
Do we have a comprehensive list of our copper favs. here on the XSO? ... I have not been keeping track & surprisingly do not have a watchlist of Cu.
FWIW here is a C&P from a google of "Copper Stocks List Australia 2020 (ASX)Updated Dec 31, 2020"
OZ Minerals (OZL)$6.26 billion77.61%OZ Minerals Limited engages in the exploration, development, mining, and processing of mineral projects in Australia. The company primarily explores for copper,...See
Company Profile$18.88$5.83
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$19.762.
Sandfire Resources (SFR)$953.64 million-10.83%Sandfire Resources NL explores for, evaluates, and develops mineral tenements and projects in Australia and internationally. The company operates through DeGrus...See
Company Profile$5.35$2.75
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$6.273.
Copper Mountain Mining Corporation (C6C)$391.82 million152.05%Copper Mountain Mining Corporation operates as a mining company in Canada. The company explores for copper, gold, and silver deposits. Its flagship asset is the...See
Company Profile$1.84$0.34
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$1.854.
Hot Chili (HCH)$127.74 million5%Hot Chili Limited operates as a mineral exploration company in Australia and Chile. The company explores for copper, gold, and molybdenum, as well as silver dep...See
Company Profile$0.0420$0.01
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$0.065.
Metals X (MLX)$127.02 million75%Metals X Limited engages in the operation of tin and copper mines in Australia. The company is also involved in the exploration and development of base metals p...See
Company Profile$0.1400$0.04
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$0.146.
Estrella Resources (ESR)$62.97 million600%Estrella Resources Limited engages in the exploration of mineral properties in Australia. The company explores for nickel and gold deposits. It holds 100% inter...See
Company Profile$0.0700$0.01
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$0.257.
Caravel Minerals (CVV)$57.48 million566.67%Caravel Minerals Limited operates as a copper exploration and development company in Western Australia. The company also explores for gold and molybdenum deposi...See
Company Profile$0.2000$0.02
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$0.228.
Venture Minerals (VMS)$56.43 million175%Venture Minerals Limited engages in the mineral exploration business in Australia. The company explores for nickel, iron, cobalt, base metals, lithium, copper, ...See
Company Profile$0.0550$0.01
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$0.079.
Redbank Copper (RCP)$28.55 million0%Redbank Copper Limited engages in the exploration and mining of copper resources in Australia. It focuses on the development of the Redbank copper project locat...See
Company Profile$0.0700$0.02
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$0.0910.
Hillgrove Resources (HGO)$24.06 million-46.67%Hillgrove Resources Limited operates as a mining company in Australia and Indonesia. The company explores for copper, gold, and silver deposits. Its flagship pr...See
Company Profile$0.0320$0.03
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$0.0711.
Taruga Minerals (TAR)$23.78 million420%Taruga Minerals Limited engages in the exploration and evaluation of mineral properties in the Democratic Republic of Congo and Australia. It primarily explores...See
Company Profile$0.0520$0.01
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$0.0912.
Copper Strike (CSE)$9.72 million0%Copper Strike Limited operates as a mineral exploration and development company in Australia. The company was founded in 2004 and is headquartered in Melbourne,...See
Company Profile$0.0910$0.02
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$0.1113.
Discovex Resources (DCX)$9.57 million-20%DiscovEx Resources Limited engages in the exploration and evaluation of mineral properties in Australia. It primarily explores for gold deposits. The company ho...See
Company Profile$0.0080$0.00
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$0.0114.
Cannindah Resources (CAE)$8.1 million0%Cannindah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral projects in Australia. The compa...See
Company Profile$0.0310$0.01
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$0.0315.
Redstone Resources (RDS)$6.88 million30%Redstone Resources Limited engages in the exploration of mineral properties in Australia. The company explores for copper, nickel, and gold deposits. It primari...See
Company Profile$0.0130$0.00
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$0.0616.
RMG Ltd (RMG)$4.22 million0%RMG Limited engages in the exploration and development of mineral properties. The company explores for gold, copper, and base metals. Its principal asset is the...See
Company Profile$0.0070$0.01
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$0.0117.
Auking Mining (AKN)$1.87 million0%AuKing Mining Limited acquires, explores for, and develops mineral projects in Australia and internationally. It primarily focuses on exploring copper, gold, an...See
Company Profile$0.0020$0.00
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$0.00
Any thoughts?
OIL: I have to admit that (like coal) I have a jaundiced view as to the future of oil ..... having said that I have watched the world miss call the future of oil since the 1980's ... anyone old enough will remember that there were (seemingly logical) calls that the world had reached peak oil and that there was only a decade or so of supply left..... they/we got that slightly wrong.
CANNABIS: has been very interesting since Democrats got in and thoughts that it will boom now "the hippies are in control". Amazingly (to me) one of my normally conservative "investment buddies" has whacked about 10% of his SMSF into 2 pot stocks AGH and CAN. After joking to him mid last week
"Wow they are bold plays? You haven't been smoking the product have you???? He just laughed it off and crowed about how much he was making! I notice they tumbled on friday as pot generally got smoked! FWIW here is my pot watchlist:
any thoughts?
(20min delay)