I wish FPH SP drop more so I can finally buy some.. It's always expensive.
Same thing for RYM
China is not really OK. It is actually first time facing some real big problems since 2000. And now days China has huge impact to the world economy.
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I wish FPH SP drop more so I can finally buy some.. It's always expensive.
Same thing for RYM
China is not really OK. It is actually first time facing some real big problems since 2000. And now days China has huge impact to the world economy.
Thats interesting you dont see China as an issue---The rest of the world certainly does--They are not doing a real swift job at controlling outcomes so far and dont really have much of a track record at showing they can.--I think part of this turmoil is people suddenly realizing that the Chinese Gov. may not have a handle on this,like everyone assumed.
the blue Chips (including the beloved Spark)were the biggest in the NZ sell off today--(alot of overseas money in them that was cashing up)-----globalization hits
US pre market is slightly in the green--maybe taking a breather?
ASX 200 was hit extremely hard... I was not quite picking this, this must be one of the biggest falls "in recent times"
http://www.abc.net.au/news/2015-09-2...clines/6812472
Another 26 trading days with that gross amount of losses, and there'd be nothing left :( My European indicator share is still dropping, and so is OGC, who run one of the most profitable gold mines in the world, on a cost per ounce basis.
Glad I'm an interested bystander.
It seems debt levels are back in focus (for the miners especially)... Lucky the only miner I hold shares in (Iluka Resources) has a very very strong balance sheet, and a good/different product to the usual commodities (ie iron ore, coal, copper etc).
Will just be holding onto my hat very tightly during these times...
Sold Spark first thing this morning, despite a bung laptop, and could get the back for nearly 3g's less by close but will hold the cash for a while longer.
KW, I think China is doing relatively well to stop the rot setting in. Its a fledgling opening economy that is going to have its volatility, however I think even at 7% growth in the world's 2nd largest economy it will prove that stocks are relatively cheap in the medium term.
Commodities I think are entering the capitulation phase with some heavy hitter producers cutting production and or not investing in new production.
I think you need to be selective in regards which commodity, however the likes of copper & gold in Aussie denominated miners look good to me.
I am quite happy to take positions when others are screaming. ;-) I have my stops & if hit so be it, however the upside from my stop is significant.
And it's October soon. Never a good month. What a setup! Ostrich theory's stern test is sure to follow. Be in impecible quality to minimise losses, be out of almost everything else to avoid catastophic losses, or go and hide in undeniable growth where few give a toss either way. Jmho not advice.
BAA