SPI
It is always impressive when European and US markets are falling (overnight) but the ASX is expected to open 11 points higher on Tuesday! One of the best indicators of the opposite trend is the price of oil (and gas consequently) and the price of gold. Australia is still seen as an energy and gold producer. Both have gone up by 0.4% and 0.7% respectively.
But whatever happens, I still have a garden to attend to!
posted by Club Mulgoa @ 11:12 AM
1 Comments:
Last Friday, on the NY stock exchange, the index plunged at the last moment. In respond, the price of gold went up, as expected. In the meantime, with the usual turmoil in the Middle East and Libya (pipeline damaged), the price of oil has gone up a bit.
Hence the ASX like a good poodle to the USA will also fall significantly.
Last year, the super fund index when up by 10.5% pa. I think mine did better, with thanks to some resource and IT stocks, bought towards the end of the year.
I don't know how the rise is calculated by on 7/1/17 ASX was 5805 and on the last 2017 trading day, it was 6167, ie far less than 10%.
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