ASX musings, observations, chat

This is the link to the test.
https://www.investsmart.com.au/test-your-invest-smarts

 

I think the rise of copper is linked to China infrastructure investment so the rise of China should mirror copper. I'm pretty sure the ASX mirrors copper as well. I mean commodities & mining is like 40% of the ASX, I believe.

 

Nice observation.



Here's a percentage comparison of Copper cash (black line) versus FXI (China large Caps ETF), 3 years.


This chart is XJO (Top 200 ASX, Black line) versus FXI (China ETF).
Banking sector is strong and has a huge influence on XJO

Must be a bug in barcharts, FXI moved 1% in the charts.

 

I was just looking at Newmont, it looks like a shit of a stock.

 

What is going on AUDUSD? Down 6 % in 3 days. Is it related to the pharma tariff issue?

 

Yeah, certainly getting clobbered.
My assumption it's related to the heavy tariffs leavied on China.
China is Australia's main export market for iron ore and copper and coal and a few other bits and bobs like fish and dairy and other minerals.

 

NZD which is closely linked to AUD is not copping it quite as hard.

 

Yeah. That makes more sense since it's such a big part of the Aussie economy.

 

The ASX is correlated to Shanghai mkt.

 

Just a quick one today on short term market direction as I see it.
Thought I would chime in during this high volatile period.

Overnight US, huge volatility / whipsaw.
At the end of the day this is what I saw.

Coal for some strange reason outperformed. I havent yet checked the news on why coal.
Gold strong still.
Uranium attempting a bottom imo.

RE getting slammed (good job)
Crypto getting slammed.
Lithium, Nickel, BHP, RIO, Energy oils, gas getting punished hard.

The only buying I would attempt as a swinger is gold.
Silver is not on my radar as I'm just not keen on any standalone silver stocks.