Tech stocks are hot, and no one wants to get off the train right now. While I wouldn’t want to bet against tech stocks here, I wouldn’t want to own them either. There are better value opportunities around with more upside potential. Like energy stocks.
If oil prices go above US$60 and stay there, the flow on effects of higher prices and higher wages increases the rate of inflation. If this effect is large enough the RBA will have to increase rates to keep a lid on inflation.
The price of tungsten has jumped 52% since early July, It has beaten all 22 major materials in the Bloomberg Commodities Index. Tungsten has gained for six straight months. The longest rally since 2012.
The use of energy as a political football to pursue ideological ends — whether that’s left wing or right wing — is beginning to hurt us. If we could harness the amount of rubbish expelled by our politicians, then we’d be hitting base load power with ease.
This morning, BHP Billiton Ltd [ASX:BHP] fell 2.2% to $26.68 per share. BHP isn’t the only miner down today. Rio Tinto Ltd [ASX:RIO] and Fortescue Metals Group [ASX:FMG] also traded lower, down 1.6% and 1.5% respectively.
What’s going on in the auto industry right now is incredible. China is scaling up production and spending billions on plug-in vehicles, which seem to be gaining traction among drivers. This is providing an added tailwind for metal prices.
Senex has secured rights to Surat Basin, a Queensland coal seam gas project. The 58 square kilometre area was hotly contested, with 12 other companies fighting for the rights.
Nickel advanced as much as 2.9% to $12,380 per metric ton on the London Metal Exchange — its highest since June 2015. It joins copper at new multi-year highs...
Tropical Storm Harvey continues to cause severe flooding in the Houston area. And it’s showing no signs of easing up. Houston is the central hub for the US energy industry. It’s important for oil production and storage. The effects on the US oil industry are likely to be big as well.
Syrah Resources Ltd [ASX:SYR] shares are up 6.99% today after the company received some good news.