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Donnerstag, Juli 19, 2018

Volatility at low levels as BHP and RIO deliver on profits from coal and iron ore; cobalt still strong

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25. Februar 2017 - Notwithstanding the uncertainty that President Trump is causing in the eyes of many, the markets have once again sailed into smooth waters. The Dow keeps nudging higher on intra-day trading, the gold price is holding levels and even improving, other commodity prices are either strengthening or marking time and no-one is talking about economic crises. BHP and RIO have given us bottom line evidence that mining is good again, justifying their strong share prices over the past 12 months. Ausdrill's 87% lift in net profit for the half year is further evidence that activity is on the rise.

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