🇦🇺 The ASX 200 opens flat after yesterday's record breaking day
🇺🇸 Small caps were strong again, with the Russell 2000 up 7.7% in the past 4 sessions
💁 'Trump Trade' – which includes 📈 US dollar, 📉 yields – gathers momentum after shooting, while crypto soars
$S&P/ASX 200(.XJO.AU$
🇺🇸 Small caps were strong again, with the Russell 2000 up 7.7% in the past 4 sessions
💁 'Trump Trade' – which includes 📈 US dollar, 📉 yields – gathers momentum after shooting, while crypto soars
$S&P/ASX 200(.XJO.AU$
![Picture](https://sgsnsimg.moomoo.com/sns_client_feed/151480655/20240716/66a14cf44ee34cce9cb07ed1c948207f.jpg/thumb?area=102&is_public=true)
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ST/LT trends: ⬆️/⬆️
Price Action: 📈
🕯️'s: ⬜⬜⬜
Supply: n/a
Demand: 7759, 7839-7911
View: Picture of demand-side control = 👍 until ⬛🕯️'s / ⬆️shadows on ⬆️volume = supply entering! Until then = HOLD! 💪
$S&P/ASX 200(.XJO.AU$
Price Action: 📈
🕯️'s: ⬜⬜⬜
Supply: n/a
Demand: 7759, 7839-7911
View: Picture of demand-side control = 👍 until ⬛🕯️'s / ⬆️shadows on ⬆️volume = supply entering! Until then = HOLD! 💪
$S&P/ASX 200(.XJO.AU$
![🚨 ASX200 trades 8-Handle for 1st time 🚀](https://sgsnsimg.moomoo.com/sns_client_feed/151480655/20240715/c4f9cb66c0dd48709695b12ad731ad4c.jpg/thumb?area=102&is_public=true)
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Such low copper grades 👀
This is the future of copper mining, as all the great and high grade stuff is gone..
$Rio Tinto Ltd(RIO.AU$ $BHP Group Ltd(BHP.AU$
This is the future of copper mining, as all the great and high grade stuff is gone..
$Rio Tinto Ltd(RIO.AU$ $BHP Group Ltd(BHP.AU$
![Picture](https://sgsnsimg.moomoo.com/sns_client_feed/151480655/20240712/898d1d2ab50c4aab891081d8a354bd60.jpg/thumb?area=102&is_public=true)
$BHP Group Ltd(BHP.AU$ sold West Musgrave back in 2014 to Cassini Resources for $250,000. Two years later, Oz Minerals began building up a significant stake in Cassini. By 2020, Oz Minerals acquired the whole company, valuing it at approximately $76 million.
When BHP acquired Oz Minerals, the West Musgrave assets were valued between US$1.15 billion to US$1.3 billion. Now, it's effectively worthless.
When BHP acquired Oz Minerals, the West Musgrave assets were valued between US$1.15 billion to US$1.3 billion. Now, it's effectively worthless.
Gold down 0.17% to $2365
Paper Silver down 0.49% to $30.69
Platinum FLAT @ $1013
Palladium down 1% to $1025
Copper up 0.71% to $4.56
Brent Crude up 0.24% to $87.55
Iron ore up 0.7% to $113.95 $BHP Group Ltd(BHP.AU$ $Rio Tinto Ltd(RIO.AU$ $S&P/ASX 200(.XJO.AU$
Paper Silver down 0.49% to $30.69
Platinum FLAT @ $1013
Palladium down 1% to $1025
Copper up 0.71% to $4.56
Brent Crude up 0.24% to $87.55
Iron ore up 0.7% to $113.95 $BHP Group Ltd(BHP.AU$ $Rio Tinto Ltd(RIO.AU$ $S&P/ASX 200(.XJO.AU$
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Investors threw cash at resource stocks, stoked by rising commodity prices.
STO soaring 4% like a rocket, BHP up 2.5% steady as she goes, and NEM climbing 3.22% - talk about a green day! 🚀💰💸 $Santos Ltd(STO.AU$ $BHP Group Ltd(BHP.AU$ $Newmont Corp(NEM.AU$
STO soaring 4% like a rocket, BHP up 2.5% steady as she goes, and NEM climbing 3.22% - talk about a green day! 🚀💰💸 $Santos Ltd(STO.AU$ $BHP Group Ltd(BHP.AU$ $Newmont Corp(NEM.AU$
It was an absolute manic session for Chalice Mining ( $Chalice Mining Ltd(CHN.AU$ ) – initially the stock rallied 8% to $1.64 before tanking to close down 19% to $1.22. Seriously WTF!!!…Sure it would be nice for CHN to get a big fat, welcome aboard check from Mitsubishi, but they want to have a good look at the project before getting more serious.
At the end of the day, the fact that an industrial giant like Mitsubishi may get involved should be bullish …..CHN‘s unique deposit of palladium/plat...
At the end of the day, the fact that an industrial giant like Mitsubishi may get involved should be bullish …..CHN‘s unique deposit of palladium/plat...
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Mining is ~4-7% of the world’s emissions… Increasing emissions in the short term is negligible at the scale of the transition. This is the correct move as mines, mine their own energy… hydrogen is another complicated mechanical chore and the “fuel” needs far too much infrastructure.
$BHP Group Ltd(BHP.AU$
$BHP Group Ltd(BHP.AU$
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It was a nice session for us with COAL miners, OIL&GAS stocks and ETPMAG pushing higher….One that put a smile on my dial was seeing YanCoal ( $Yancoal Australia Ltd(YAL.AU$ ) close at a fresh all time high of $7.02 – what a gem of a stock that has been over the past few years : solid capital growth and huge dividends. HOLD
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Investors, mortgage holders, and many other Aussies have been holding their breath in hopes that the Reserve Bank of Australia (RBA) will cut the official interest rate from the current 4.35% after hiking 13 times since May 2022.
But May's inflation print looks to have not only pushed any potential interest rate cuts into 2025 but also may have opened the door to another RBA rate hike. And that's not what ASX 200 investors were hoping to hear.
Consensus forecasts we...
But May's inflation print looks to have not only pushed any potential interest rate cuts into 2025 but also may have opened the door to another RBA rate hike. And that's not what ASX 200 investors were hoping to hear.
Consensus forecasts we...
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