Continued softness in the mining market

Continued softness in the mining market

The All Ords is showing great resilience at present, recovering to resume the uptrend that has been in play since early 2016, when it formed a base at 4,800. It is now 23% higher than a year ago, notwithstanding the number of concerns about the economy, the politics and the longevity of the property boom. The most recent strength has been occurring while the mining sector has been in a pullback mode, notwithstanding that international economic news should be supportive of better commodity prices.