In This Issue
Weekly Commentary
All Ords is giving us the lead as mining stocks continue to improve
During the week the All Ords finally broke out of a five month sideways pattern, spurting higher on a change of sentiment. It is difficult to see what the catalyst was other than looking at other markets around the world and wondering why ours was so lethargic. As if there was a dearth of real news the papers seemed full of nostalgia over the 1987 crash last week, to what end I am not sure.
The sentiment in the mining sector is overwhelmingly positive after three months of improvement. Everyone should be making money to a lesser or greater extent. The most money is being made by punters playing the hot sectors such as lithium and there is a strong appetite for speculative situations like the Pilbara gold conglomerate story, which continues to attract new players. A conservative analyst will always espouse caution with this type of play, but at the same time there can be significant trading profits for the nimble.
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