Dalian still down:
Big Iron flat a with BHP pushing hard at break out:
Big Gas is weak, except Santos which is re-rating as the government sticks its head in its energy arse:
Big Gold is on fire. I’m still a seller into strength on the basis that the DPRK will fade and USD is done falling:
Big Bubble is flat:
And the Big Sleazy is trying to bottom with two days of long tails:
Big Liar is boring:
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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CBA still overvalued wrt peers. Alan Kohler on ABC News told me.
* ……. told me*
Anybody who gives YOU investment advice, has to be a fool – except me ; CBA = cheap as [ lets be fair here – one could never have anticipated the current debacle at ConBank ; pre-scandal buy recommendation refers ]
🙂 🙂
Did you recco to close out or short when it gapped down a Month ago?
Watch that falling knife 😉
I took a short position in CBA today. Intend to increase my position size slowly.
I missed the CBA ascent as I did not have much capital but now I don’t want to miss the descent.