ASX 1.58% $64.41 asx limited

For what it is worth (and I know little of such stuff but set it...

  1. 624 Posts.
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    For what it is worth
    (and I know little of such stuff but set it out here to summarise for myself),
    at a talk this morning Scott Logan (Australian Stock Report) expects movement into the 3800 - 3900 zone - not in a rush - perhaps over the next two weeks. With 3850 as about the base, followed by sideways movement - with perhaps a lot of nothing movement for three years.

    However, they are very bullish on resources, oil and minerals/metals. Gold likely to be bought as a hedge against high oil price and consequnet inflation (stagflation - slowing growth and rising infaltion).
 
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