AFF Member Stock Discussion

[RSD]

The world is moving into a bit of chaos with oil and copper dropping sharply @RSD.
If iron ore and coal both tank Australia will be wishing it had banked some of the good times post Covid.
Meanwhile we had Judo get hit with a wall of sellers. That one is JDO.

Yes indeed - and in January DT pleaded for OPEC+ to raise oil production to lower prices - and now the Saudis are delivering that with spades and big smiles on their faces as they know that WTI at $56.20 like it is as I write this will force a lot of U.S. oil production to cease as the Permian fields etc need WTI at $70 to be profitable enough for companies to keep drilling new wells.

AUQ is a share that seems to defy logic, science, the copper price and the share market - and it does the head in of its shareholders - not helped by its management probably being the worst communicators of any company on the entire ASX.

There is certainly a massive amount of chaos doing the rounds at the moment - and there are plenty of flashpoints appearing at the moment that could add massively to the chaos - India-Pakistan, Israel-Iran, etc

The problem with Australia is that we are governed by people whose thinking is governed by election cycles - and until that changes then Australia is going to continue to go backwards in real terms.

I wonder how the penguins are going in their trade negotiations with the U.S. to get their 10% tariff rescinded?

 

[RSD]

The biggest problem facing the world at the moment is that these seems to be a complete lack of understanding of macro economic fundamentals amongst the current leadership in the U.S.