I’ll wait to see how things are looking at the end of this month. If we get a monthly sell pivot confirmed in the ASX 200 (a closing price below 7,415 at the end of September), I may take some more money off the table.
I have been calling for a stronger US dollar for a while now with a target of 96.00 on the US Dollar Index. I’m going to back off from that call for now due to the moves we have seen since the Jackson Hole speech.
Some interesting things happened in the world of Australian uranium stocks today. We look at the Trump effect.
DYL, whose primary focus is in Namibia where it operates through its wholly owned subsidiary Reptile Uranium Namibia, has slid more than 11% since the beginning of the year as the uranium spot price continues to reverse gains made in 2018.