XSO (ASX) The Brains Trust-2019

Originally posted by Heloise ↑

Originally posted by paddington bear
Thanks @Heloise. I just saw something that made me look at the chart which looks reasonable so I was looking for an expert's opinion on what they are doing. Will leave them alone for now. PBT.

Also on your earlier post - yes that is the way markets usually work - commodities are linked to inflation, particularly gold. However, I don't think markets are "usual" at the moment so I don't think we can count on anything being as it has been in the past. Looking for surprises everywhere. As I have mentioned a few times, I think we have to think more about the effect of the yuan - something you have been on top of for months.
Re the Yuan PB, it’s had quite a drop over the past ten days or so (bearing in mind that markets have been closed because of Chinese NY). Was just looking at our XMM chart that has been mentioned several Times on here and Wow! It’s almost back to levels of 2012, which leads me to thinking that it may be time to have a look at those infrastructure support companies like MAH, MND etc etc. There was one yonks ago that specialised in housing construction at mining sites, can’t remember off the top of my head. But it sure looks good.

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Yes, XMM has had a terrific rise - in fact so much it makes me worry a bit. Prefer the XGD as that is sitting on support from the 2016 high. I'm a bit unsure about the mining construction companies - didn't they build a lot of this stuff last time. Has there been many new mines starting up. I think it is a bit like a chicken and egg question - which comes first. At this stage I am going to concentrate on gold stocks - or second line mining stocks that look like they can have a turn.

(20min delay)
Last 3,139.9		Change 23.500(0.75%)		Mkt cap ! n/a

Open	High	Low
3,116.4	3,152.1	3,116.4

Yes, XMM has had a terrific rise - in fact so much it makes me...