Mistakes can lead to investing opportunities
Most people are familiar with the saying ‘Fool me once, shame on you, fool me twice, shame on me’. Although made famous more recently by George W Bush, it’s genesis is much earlier, found in a book1 dating from 1651 that cited an Italian proverb: ‘He that deceives me once, it’s his fault; but if…
Retail spending up 8.2 per cent over year
Retail spending up 8.2 per cent over year Retail trade; Job vacancies Retail trade: ‘Preliminary’ retail trade rose by 2.4 per cent in June after rising by a record 16.9 per cent in May (highest in 38 years of records). Retail spending is up 8.2 per cent on the year. Skilled job vacancies: In seasonally…
Aust shares slip as virus spreads
The Australian share market has finished lower, with every sector except mining and technology in the red as the coronavirus outbreak creeps back into NSW. The benchmark S&P/ASX200 index closed on Monday down 32 points, or 0.53 per cent, at 6,001.6 points, while the All Ordinaries index fell 32.6 points, or 0.53 per cent lower,…
Gold production in sight at Classic Minerals’ Kat Gap WA project
After intersecting a new high grade gold lode at its Kat Gap Project, Western Australian gold exploration and development company, Classic Minerals Limited (ASX:CLZ) has shifted its focus to preparing the project for production. The Kat Gap Gold Project is part of the group’s Forrestania Gold Project (FGP), located about 50 kilometres to the south-east…
GTI Resources Moves Forward at its High Potential WA Gold Play
Gold has been the standout sector amid the coronavirus-led market volatility. The spot gold price breached the US$1800/oz level last week — a new 9-year high — investors continue to pile into ASX-listed gold juniors. And while some impressive gains have already been made, it’s a sector that looks to have plenty left in the tank. Both…
Gold stocks blast higher
The gold miners’ stocks are blasting higher, just achieving major new secular highs! Traders are flocking back to gold stocks as the metal they produce relentlessly advances on strong investment demand. That is atypical during market summers, but the pandemic has made for unprecedented times. This gold-stock upleg is big, but doesn’t look excessive yet. …
China economy: Coronavirus comeback kid
China economy: Coronavirus comeback kid Chinese economic data Chinese economic growth: The Chinese economy (GDP) expanded by 11.5 per cent in the June quarter (consensus: +9.6 per cent) after a 10 per cent contraction in the March quarter. GDP grew at a 3.2 per cent annual rate in the year to June (consensus: +2.4 per…
Enthusiasm over vaccines boost stocks
US stocks are off their early morning highs but still traded firmly as enthusiasm around positive news on progress in developing a virus vaccine and robust macro data continues to float markets in rough seas as the worsening outlook on the virus front continues to churn in the background. At one point, it was raining…
Aust shares slip after jobless rate rise
Shares have slipped in noon trading after Australia’s unemployment rate rose more than expected amid the coronavirus lockdowns. The S&P/ASX200 benchmark index was lower by 9 points, or 0.15 per cent, at 6043.9 points at 1200 AEST, after trading in positive territory earlier in the session. The All Ordinaries index was 7.3 points, or 0.12…
Consumer confidence plunges after lockdown
The renewed coronavirus lockdown in Melbourne has wiped out a month of gains in consumer confidence. The latest Westpac-Melbourne Institute consumer sentiment index shows a 6.1 per cent fall between June and July. The sharp decline shows just how quickly the public mood can turn, retail analyst Jason Ireland says. “The headwinds that had lessened…
