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Malabra

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06/08/19

13:58

Post #: 39884143
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Originally posted by KKR: ↑

Hi CrazynWild,

I think external economic and commodity factors are more do do with the share price down this morning.

Source: Glenn Dyer articles.

Donald Trump’s renewal of his trade war with China, Wall Street had its worst week since last December.
The benchmark measures the S&P 500 and Nasdaq saw their worst weekly percentage plunges since December. Friday saw the pan-European STOXX 600 index drop 2.46%, the most for any day this year as the German and French market fell more than 3% and the Italian and London bourses lost well over 2%.

MSCI’s gauge of stockmarkets across the globe shed 1.18%.

US and LME copper prices post their steepest weekly fall in a year & industrial metals fell sharply (where China is the world’s biggest buyer, as it is for oil, iron ore but not gold), with zinc tumbling to its lowest in 11 months.

Three months copper on the London Metal Exchange ended 2.9% lower on Friday at $US5,729.50 a tonne after earlier matching a January low of $US5,725 a tonne.

LME zinc fall 2.2% to $US2,351 a tonne, nickel eased 1% to $US14,450, lead shed 1.9% to $US1,952.

Fortunately it is not all doom & gloom. Gold for December surged rose $US25.10, or 1.8%, to settle at $US1,457.50 an ounce—the highest most-active contract finish since May 9, 2013, according to FactSet.
Prices rose 2.7% over the week.

I hope this helps?

KKR

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Thank you, yes it all helps.

AMI Price at posting: 46.5¢ Sentiment: Buy Disclosure: Held
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Last 17.0¢		Change 0.010(6.25%)		Mkt cap ! $287.5M

Open	High	Low	Value	Volume
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No.	Vol.	Price($)
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8	668903	0.145
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Price($)	Vol.	No.
0.170	694292	10
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Thank you, yes it all helps.

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