Here’s what I’m watching:
-Oil has had a nice little bump (now USD $32.40 a barrel up from $28 a week ago). BUT there is still a massive
glut of oil sloshing around the world and the pain in the junk bond’s of the frackers is yet to hit. Oil is probably
bottoming but we need economic growth to kick in. I’m cautious but will be looking for an entry to the Oil
market soon.
-Earnings Season begins – AUS companies are going to report earnings for the half year beginning this week.
Should be interesting to see if there are any surprises and what guidance companies give regarding earnings
going forward. I suspect many (except the banks!) will be guiding earnings lower. We’ll see….
-Gold & Silver and the miners of these commodities continue to hold up well. This is continued evidence that
the bottom is in. There is still ridiculous value in this asset class.
-RBA meets this week. I doubt there will be any changes to rates but it should be interesting to see what
guidance they give.
DID YOU KNOW: You can now SAVE in Gold? If you are interested in learning about the advantages of saving in
a vehicle with over 3000 years of use as money send me an email. I do this every month and I think everyone
should have this as part of their family wealth protection.