Far East Capital Newsletter
No reason not to buy, except no-one wants to do it on their own
17 Dec 2016

In This Issue


No reason not to buy, except no-one wants to do it on their own

The gold price has been the biggest drag on our mining market for quite a while now, with the negative sentiment accelerating as the gold price falls lower. Until the price starts to bottom out it is difficult to see much enthusiasm for not only gold, but other commodities as well. It is the sentiment effect.
But, apart from the gold price, there is no reason not to be selectively purchasing in the market. There are no obvious bear points that threaten to drag the market down, but there is a distinct absence of FOMO in the markets. Perhaps it is the Christmas season and the exhausting scramble to tidy things up prior to going on holidays. Maybe it the lack of inspiration from the nations leaders or the saturating press coverage of esoteric social issues and the overindulgence in tangential concerns. Whatever it is, we have to get over it and start to think optimistically if we are going to generate more buying.
 

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