No matter what the future looks like, bellwether stocks like these three in the areas of business confidence, construction plans, and consumer buying behaviour, will be what ultimately drives the economy and in turn the stock market.
The Libs are at it again trying to roll Malcolm Turnbull. This time Peter Dutton is having a crack. Turnbull won yesterday’s party room vote, but it probably won’t be the last. The hounds are circling again.
Today, I’ll take a look at the Aussie dollar gold price, which adjusts for the difference between the US and Aussie dollar exchange rate. This is a far more important price to watch for Aussie gold stock investors.
Shares of Fortescue Metals Group [ASX:FMG] have jumped almost 14% in the past month, moving closer to the crucial $7 mark.