The wheat chart on 'Trading Economics' is different again!
General markets looking pretty sick....looking at the FANGS, Google always the least vulnerable given the nature of its business, and it is still looking relatively strong. If GOOG turns down, and starts to break support lines then watch out below for the NASDAQ.
Nice charts over weekend gj and yes copper is a worry.
Gold's V bottom was impressive but agree pb that gold likely to pause/pullback here. Investors not convinced that metal stocks are the go; but are we simply seeing a lag. It would be surprising if US gold does not push for new highs, then the stocks should outperform as usual.
Your query
@paddington bear ...re my favourite six stocks? My 'favourites' are in constant flux, and vary depending on the reasons to hold, give me some parameters and it makes it a little easier. But nevertheless your question did make me think.
For example, given POG's set up over the past few months, I have been collecting a few gold stocks since EOFY, looking particularly at the smaller end because they have been beaten up so much.
I like AAR, PGO, S2R, STK, GSN, STN and CEL ....most of them have fundamental appeal in that they have some of the following characteristics: an exisiting resource defined, drilling momentum, director buying, proven grounds, and located near to majors who will all get very hungry for ready ounces once the PM market really gets going. Plus, most of them have been in devastatingly downtrends
This list is subject to change!
Not surprisingly my favourite six to sit in my super portfolio for the next years is different; forward looking, stocks for the future: LYC, PLS, SFR, BHP, SYR, WDS. I only hold two of these at the moment but I can see a buying opportunity setting up for the rest of them.
Can you have favourite stocks even though you don't own them?!
If your current chart analysis throws up anything interesting please share.
(20min delay)