Far East Capital Newsletter
Good markets continue as share issues are being absorbed
12 Aug 2016

In This Issue


Good markets continue as share issues are being absorbed

The All Ords is up almost 18% since its low in mid February this year, but about 5% lower than the peak achieved a year before that. One would have to say that this means things are going well, at least from the perspective of investors, so why did we have the interest rate cut and why are we being warned by the Reserve Bank?
Much of the strength in the markets has come from the reversal of the mining bear market. The Metals and Mining Index has risen about 60% in the last six months, delivering one of the best six monthly periods that I have ever seen. The concerns about the economy seem to be more about the property market than anything else. While ever these concerns abound the mining market will continue to be the best hunting ground for investors and traders. 

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