Gold stormed back to the top of the Australian investors’ hit parade this week as the rolling chaos caused by the US President, Donald Trump, infected bond markets with a shock fall in interest rates – driving investors to an overlooked safe haven.
What’s the difference between a herd of cattle following a giant steer around a paddock and a flock of speculators investing in stocks close to promising copper discoveries?
Lithium stocks woke with a jolt yesterday after the big American chemical maker Albemarle Corporation agreed to pay whopping $1.58 billion for a half-share in the Wodgina project of Mineral Resources, potentially leading to a significant re-rating of the broader new-energy sector.
Discovery, corporate action and the return of an almost-forgotten commodity, potash, were the highlights of the Australian resource sector in what was downbeat week on almost every market in world.
Despite multiple distractions, including US election fever, a spectacular derailment on BHP’s iron ore railway and a horse race in Melbourne, the recovery on the market reported here last week has continued
It’s probably too early to signal an all-clear for investors in the resources sector, though it is worth noting that the past few days have seen a significant improvement
Disruption is the order of the day on global financial markets, but rather than fear the changes which are angering investors, an investment bank has come up with a concept which could produce big wins from disruptive exploration and discovery.
