Henry’s Take – The London Report
London Mining Conference – Big Themes – Small Companies – Potential
London Mining Conference – Big Themes – Small Companies – Potential
Wall Street finished down on Tuesday after minutes from the latest Fed meeting showed officials agreed to take a cautious approach moving forward. The Dow fell 63 points (-0.18%), trading lowe
S&P 500 went into overbought territory yesterday on a daily basis. Consumer staples continues to slide. At a 52-week low. Uranium ETF’s holding at overbought levels. The commodity price breached US$80/pound.
SPI Futures down 6. Nvidia fails to set the market alight. Predictable. FOMC Minutes. Predictable. Holiday coming up – getting quiet. Making money in currencies is possible. The Global Nuclear Renaissance and the uranium conundrum. No need to sell anything yet.
ASX 200 slid 5 points to 7073 (-0.1%), in a quiet directionless day of trade. SPI Futures this morning were -6. Sectors finished mixed. Interest rate-sensitive sectors took cues from Wall Street overnight
Wall Street’s three major indexes finished higher overnight, in a quiet day of trade ending just off best levels amid a $16bn sale of 20Y treasuries. The Dow rose 204 points (+0.58%). Up 280 points at best. Down 39 points at worst. The S&P 500 extended last week’s gains and closed up 0.74%, the highest…
Strategy Portfolio Humming. LNAS now up 21.4%. No need to sell anything yet. Hopefully Nvidia behaves tonight.
Market behaving itself ahead of the Nvidia results and the FOMC Minutes tonight. Quiet week. Thanksgiving holiday.