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Markets Live: Shares have worst session since May 19

Date

Markets Live: Shares closed in the red for the third day in a row, heavy selling plagues Navitas

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  • "The once bustling city of Flint home to one of America’s biggest companies is considering bankruptcy, suffering a huge drop in population and abandoned streets."

    Commenter
    8 Miles of DEBT
    Date and time
    July 09, 2014, 4:57PM
    • Bulls missing in action. Apparently they're having some testical issues. LMAO!

      Commenter
      Allan
      Location
      Prahran
      Date and time
      July 09, 2014, 4:23PM
      • You appear to have a fixation on certain parts of a bull's anatomy.

        Focus on the prize, dear.

        Commenter
        Don Quixote
        Location
        La Mancha
        Date and time
        July 09, 2014, 5:19PM
    • @3:33pm article, it would appear that voting for labor has a negative impact to your emotional well being.

      Commenter
      Wwwish Lion
      Location
      Melbourne
      Date and time
      July 09, 2014, 4:18PM
      • This bull was 5400 in 2006. 8 years later it's still sick. Forget getting back to 6800 record highs like the Dow has made a record high recently. Time to put this sick bull down?

        Commenter
        Vet
        Location
        ASX
        Date and time
        July 09, 2014, 4:17PM
        • I reckon DML will get refinancing and be a 10 bagger @0.05

          Commenter
          Gambler
          Date and time
          July 09, 2014, 4:16PM
          • I reckon DML will get refinancing and be a 10 bagger @0.05

            Commenter
            Gambler
            Date and time
            July 09, 2014, 4:09PM
            • So looks like we are heading for a steeper dive towards the end of trade and I suspect further falls tomorrow. 53?? here we come.Then it would be worth buying.

              Commenter
              mitch of ACT
              Date and time
              July 09, 2014, 3:46PM
              • "the nation has more people pessimistic about their outlook than optimistic – the trend measure of the consumer sentiment index remains below the break-even 100 mark at 94, up just 0.4 per cent this month and 9 per cent below where it was a year ago"

                Housing boom!

                Commenter
                Allan
                Location
                Prahran
                Date and time
                July 09, 2014, 3:46PM
                • another down day tomorrow?
                  anyone brave enough to buy this arvo?

                  Commenter
                  j.
                  Location
                  syd.
                  Date and time
                  July 09, 2014, 3:43PM
                  • bears having a rare day out
                    bulls not enjoying the rout
                    problems with the blog
                    enough for me to hit the grog
                    bottle of red for me
                    what about you BSB
                    champers for Allan me supposes
                    and his wife will expect roses
                    Gareth, our banks are down
                    so for you no Carlton crown
                    so until tomorrow
                    i am off to drown my sorrow

                    Commenter
                    cyril
                    Date and time
                    July 09, 2014, 3:31PM
                    • NST getting a huge uplift from positive June production update!

                      Having a positive impact on a lot of goldies, the exception being.......you guessed it SBM!

                      Commenter
                      born loser
                      Date and time
                      July 09, 2014, 3:18PM
                      • when i was talking drinks
                        forgot someone me thinks
                        frustrated with the technical hitch
                        was hoping our old comrade mitch
                        would offer to shout
                        our Vesna a great big stout!

                        Commenter
                        cyril
                        Date and time
                        July 09, 2014, 3:46PM
                    • Sorry readers, we are having technical issues which are delaying normal publishing on Markets Live and BusinessDay. We hope to resume updates soon.

                      Commenter
                      Vesna Poljak
                      Date and time
                      July 09, 2014, 2:28PM
                      • no one wants it today.

                        Commenter
                        j.
                        Location
                        syd
                        Date and time
                        July 09, 2014, 2:16PM
                        • Boart Longyear down a lazy 15% lmao!

                          Commenter
                          Merciless Shorter
                          Date and time
                          July 09, 2014, 2:11PM
                          • Where are the bulls? Who left the gate open?

                            Commenter
                            Allan
                            Location
                            Prahran
                            Date and time
                            July 09, 2014, 1:48PM
                            • There is no "Bull" run nor "Bear" Bite nowadays. ASX just behaves normal since Feb 2014, up and down within the range 5350+ to 5500, usually 75 points. Today is great opportunity to stock up then sell in 2-3 days.

                              Commenter
                              Up and Down is Norm
                              Date and time
                              July 09, 2014, 2:35PM
                            • yeah the sale price in 3 days time will just about cover brokers fees stamp duty and cgt.
                              having a good old laugh at share traders.

                              Commenter
                              smilingjack
                              Date and time
                              July 09, 2014, 2:46PM
                            • nah Bears just bite better he he.

                              Commenter
                              Bull
                              Location
                              'wandering up the road somewhere'
                              Date and time
                              July 09, 2014, 3:10PM
                            • A lot of stock share prices move up/down 3-7% within 2 -3 days while share trade brokerage fee buy/sell together only merely 0.22%. Who is smarter?

                              Commenter
                              Up and Down is Norm
                              Date and time
                              July 09, 2014, 3:52PM
                          • "Westpac chief economist Bill Evans said the expected recovery after a sharp drop in May had failed to materialise.

                            "This is another disappointing result for the index,” he said."

                            Housing boom!

                            Commenter
                            Allan
                            Location
                            Prahran
                            Date and time
                            July 09, 2014, 1:38PM
                            • Consumer confidence is still down due to the Budget. If you were the average family set to lose $3,000pa would you be spending. The gov't is in line to lose as much in tax revenue from lost business activity as it is seeking to gain from cuts to pending. Great economics.

                              Commenter
                              mitch of ACT
                              Date and time
                              July 09, 2014, 2:28PM
                            • bill evans - who stated that rates would be going up up and up. let me guess hes an economist that works at banks. ie wouldnt know if his bum was on fire.
                              but what does he care as long as people are buying shares and he gets paid either way. ditto governments that collect that stamp duty on every trade. just like housing. keep the mugs buying and selling. ka ching.

                              Commenter
                              smilingjack
                              Date and time
                              July 09, 2014, 4:01PM
                          • Okay, its been close to 3hrs - last news update at 10:46 am.

                            EDs: ????

                            Commenter
                            GrimReaper
                            Date and time
                            July 09, 2014, 1:07PM
                            • Slow news day on the blog?

                              Commenter
                              DR
                              Location
                              syd
                              Date and time
                              July 09, 2014, 1:01PM
                              • What do you mean a slow day? We have a stock that once traded for $23.80 that hit 15.5 cents today. Enough chit chat DR. You are needed in the ER!

                                Commenter
                                Nurse
                                Date and time
                                July 09, 2014, 2:30PM
                            • About time someone made a take over offer on SBM, that would stoke the fire.

                              Commenter
                              repoman
                              Location
                              Dorrigo
                              Date and time
                              July 09, 2014, 12:48PM
                              • Firesale yet?

                                Commenter
                                BearshapedBull
                                Date and time
                                July 09, 2014, 1:43PM
                            • NST kicking butt today, that's more like it!

                              Commenter
                              Gold Balls
                              Date and time
                              July 09, 2014, 12:47PM
                                • Gold Balls, any ideas why NST gaining so much lustre today?

                                  Commenter
                                  Introspective
                                  Location
                                  Melbourne
                                  Date and time
                                  July 09, 2014, 2:41PM
                                • favourable June production update

                                  Commenter
                                  Gold Balls
                                  Date and time
                                  July 09, 2014, 3:15PM
                              • Germany thrashing Australia on renewable energy targets. #timcahilling.

                                Commenter
                                Allan
                                Location
                                Prahran
                                Date and time
                                July 09, 2014, 12:45PM
                                • If you are serious about renewable energy why not put together a business plan and raise money to do it? I can put you in touch with some boutique infrastruture investment groups.

                                  Commenter
                                  Wwwish Lion
                                  Location
                                  Melbourne
                                  Date and time
                                  July 09, 2014, 1:20PM
                                • Wwwish did you watch 4Corners with the video of the solar farm just outside Canberra, with another to come. I am looking for suitable local investments in green energy but at the moment most are being financed by private companies with the profits going o/seas. They are also under threat from Abbott & co due to the plan to cut the RET. If that doesn't happen the future is promising.

                                  Commenter
                                  mitch of ACT
                                  Date and time
                                  July 09, 2014, 2:35PM
                                • @mitch, yep I have seen them.

                                  This may be of interest to you mitch, not sure what they consider a wholesale investor though
                                  http://lighthouseinfrastructure.com/services/solar-fund/index.html

                                  Commenter
                                  Wwwish Lion
                                  Location
                                  Melbourne
                                  Date and time
                                  July 09, 2014, 2:54PM
                                • @Wwwish thanks for the reference. I am yet to find a fund that gives the ROI I an getting from my own 5kw of rooftop solar. 17%pa.

                                  Commenter
                                  mitch of ACT
                                  Date and time
                                  July 09, 2014, 3:19PM
                                • LOL you make a lot of assumptions about what people may or may not be doing.

                                  Commenter
                                  Allan
                                  Location
                                  Prahran
                                  Date and time
                                  July 09, 2014, 3:29PM
                              • "Thanks to favorable weather and record production from solar and wind power, renewable energy accounted for approximately 31 percent of Germany’s electricity generation in the first half of 2014. "

                                And at times up to 60%.

                                And Australia is trying to unwind the 20% target. What a laughing stock the LNP dinosaurs are.

                                Commenter
                                Allan
                                Location
                                Prahran
                                Date and time
                                July 09, 2014, 12:42PM
                                • And all that sunlight and wind didn't cost a cent nor destroy huge swathes of the environment in the process

                                  Commenter
                                  mitch of ACT
                                  Date and time
                                  July 09, 2014, 1:05PM
                                • where did you get this numbers from and if Australia would subsidize solar and wind power like Germany , we would be broke

                                  Commenter
                                  unbelivable
                                  Location
                                  brisbane
                                  Date and time
                                  July 09, 2014, 1:08PM
                                • So crazy. But they don't want to sink a nice coal market?

                                  Commenter
                                  DR
                                  Location
                                  syd
                                  Date and time
                                  July 09, 2014, 1:15PM
                                • LOL not unbelievable, undeniable:

                                  http://www.abc.net.au/4corners/stories/2014/07/07/4038488.htm

                                  Why broke? We're the richest nation on earth. Didn't you hear? Sounds like you want it both ways.

                                  Commenter
                                  Allan
                                  Location
                                  Prahran
                                  Date and time
                                  July 09, 2014, 3:17PM
                              • It is so cold in Melbourne today that an extra 2 degrees would be much more pleasant.

                                Commenter
                                Wwwish Lion
                                Location
                                Melbourne
                                Date and time
                                July 09, 2014, 12:28PM
                                • QAN

                                  Does anybody believe anything that Qantas says? Some say it has about 12 months before it just fades away.

                                  Such is the quality of management these days.

                                  QBE

                                  Thought I should look again so after sifting through 200 pages I am astounded that anybody holds this stock. What an unbelievable mess this company is, as you would need a dozen crystal balls to work out its strategy. As usual all the REAL money is made at home.

                                  Commenter
                                  Harry Rogers
                                  Date and time
                                  July 09, 2014, 12:25PM
                                  • "Rookie senator Ricky Muir broke away from his Palmer United Party voting bloc on Wednesday to deny the government a speedy vote on the repeal of the carbon tax."

                                    LOL. Bye Tony.

                                    Commenter
                                    Allan
                                    Location
                                    Prahran
                                    Date and time
                                    July 09, 2014, 11:45AM
                                    • "The wife of a professional poker player accused of a $100 million fraud against clients of the Commonwealth Bank has also been charged with a serious fraud offence."

                                      Commonwealth bank's new slogan - "Asleep at the wheel".

                                      Commenter
                                      Allan
                                      Location
                                      Prahran
                                      Date and time
                                      July 09, 2014, 11:44AM
                                      • Bulls are awful quiet and shy today. Come on, it's not a party without you. Snort!

                                        Commenter
                                        Herman
                                        Location
                                        Prahran
                                        Date and time
                                        July 09, 2014, 11:43AM
                                        • Bull meat on special AGAIN. Prices are down down. 99c a kilo. Enjoy!

                                          Commenter
                                          Coles
                                          Location
                                          Butcher
                                          Date and time
                                          July 09, 2014, 11:40AM
                                          • After all that huffing and puffing nothing has come down enough to warrant any buying! I fear tomorrow will be an up tick.

                                            Commenter
                                            confused
                                            Date and time
                                            July 09, 2014, 3:36PM
                                        • Clive Palmer has effectively guaranteed that a full blown emissions trading scheme will be implemented by blocking changes to the renewable energy target.

                                          Since this is the central plank of Tony Abbott's prime ministership he should resign now.

                                          Commenter
                                          Allan
                                          Location
                                          Prahran
                                          Date and time
                                          July 09, 2014, 11:19AM
                                          • Don't despair Allen. Just 2 more years and then the electoral asteroid will hit and wipe out these fossil fuel dinosaurs. In the meantime we can take guidance on what the rest of the world is doing to combat climate change and develop renewable energy sources then adopt proven world's best practice. Between now and then we will just have to put up with being a laughing stock on so many issues.

                                            Commenter
                                            mitch of ACT
                                            Date and time
                                            July 09, 2014, 11:59AM
                                          • Federal spending is moving back towards a balanced budget and the border breaches are stopped. The emission trading scheme can be tackled in a second attempt. No reason to resign,

                                            Commenter
                                            Dr No
                                            Location
                                            Sydney
                                            Date and time
                                            July 09, 2014, 12:03PM
                                          • What a utterly stupid comment, you've got no idea what's going to happen on the ASX tomorrow, never mind in parliament over the next two years.

                                            And neither does anyone else.

                                            Commenter
                                            SteveH.
                                            Location
                                            What's your name kid?
                                            Date and time
                                            July 09, 2014, 1:05PM
                                          • LOL a snarky dinosaur evidence that Tony is having a torrid time thanks to the Senate.

                                            Commenter
                                            Allan
                                            Location
                                            Prahran
                                            Date and time
                                            July 09, 2014, 3:32PM
                                        • Where's happy hippy our resident oceanographer? Still waiting for an explanation on how the Arctic ice volume is not shrinking and lithium ion batteries aren't deep cycle storage.

                                          Commenter
                                          Allan
                                          Location
                                          Prahran
                                          Date and time
                                          July 09, 2014, 11:16AM
                                          • Well I'm anything but a hippy, but don't get the Arctic confused with the Antarctic. The Antarctic is the one that really matters and its ice is currently at record levels:

                                            http://www.reportingclimatescience.com/news-stories/article/antarctic-sea-ice-hits-a-new-record-extent.html

                                            Commenter
                                            Gareth
                                            Location
                                            Sydney
                                            Date and time
                                            July 09, 2014, 12:06PM
                                          • Perhaps he's on some other non-finance blog where you should be.

                                            Commenter
                                            Dollar
                                            Date and time
                                            July 09, 2014, 12:46PM
                                          • Nope. A weakly positive increase in Antarctic sea ice due to ice loss from the land mass is minor compare to the volume of sea Artic ice loss. You were told that last week,

                                            Commenter
                                            Allan
                                            Location
                                            Prahran
                                            Date and time
                                            July 09, 2014, 1:28PM
                                          • LOL renewable energy is central to the economy. Only LNP dinosaurs think otherwise.

                                            Commenter
                                            Allan
                                            Location
                                            Prahran
                                            Date and time
                                            July 09, 2014, 1:33PM
                                          • Throwing baits everywhere...too much coffee?

                                            Commenter
                                            BearshapedBull
                                            Location
                                            Fishermans wharf
                                            Date and time
                                            July 09, 2014, 1:45PM
                                          • I'm not a happy hippy, either, but I'm still waiting for the base load solar power station.

                                            Commenter
                                            BaseLoad
                                            Date and time
                                            July 09, 2014, 3:32PM
                                        • "Crescent Dunes is a remarkable thing to see. This is the first solar thermal power plant in the world to have molten salt storage, so what it does it takes the energy of the sun, produces electricity and then stores that as heat in molten salt storage and, at night, when they need to make use of that power, they can run it from the heat that's being stored in this molten salt storage facility.

                                          BRIAN PAINTER: The thing with being able to store the energy is that we can shift the time of delivery; we can deliver night time, day time, when a utility might want power, we can deliver any time."

                                          http://www.abc.net.au/4corners/stories/2014/07/07/4038488.htm

                                          Gee that sounds like base-load power?

                                          Commenter
                                          Allan
                                          Location
                                          Prahran
                                          Date and time
                                          July 09, 2014, 11:04AM
                                          • "Today the United States has for example,150 000 employees in the solar industry, so about a third of those, 50 000, are here in California and that's actually a 50 per cent growth in those jobs just over the last three years.

                                            So we actually have more employees today in the solar industry in the US than there are in auto manufacturing and than there are in coal mining."

                                            http://www.abc.net.au/4corners/stories/2014/07/07/4038488.htm

                                            See why renewable energy is important to the economy and jobs?

                                            Commenter
                                            Allan
                                            Location
                                            Prahran
                                            Date and time
                                            July 09, 2014, 11:02AM
                                            • How many of those jobs are tax payer-funded? I've seen some figures that each of those jobs has cost the tax payer $400,000.

                                              Commenter
                                              Dr No
                                              Location
                                              Sydney
                                              Date and time
                                              July 09, 2014, 11:59AM
                                            • Unlikely since solar is now cheaper than new coal fired power stations.

                                              Commenter
                                              Allan
                                              Location
                                              Prahran
                                              Date and time
                                              July 09, 2014, 1:31PM
                                            • But they aren't working on base load solar power stations that are providing any significant input to the grid.

                                              Commenter
                                              BaseLoad
                                              Date and time
                                              July 09, 2014, 3:41PM
                                            • Of course they are, first one comes online in a couple of months. First of many.

                                              Commenter
                                              Allan
                                              Location
                                              Prahran
                                              Date and time
                                              July 09, 2014, 4:32PM
                                          • @10:46am the excuses start over why the carbon tax cuts won't be passed on. Are we surprised.

                                            Commenter
                                            mitch of ACT
                                            Date and time
                                            July 09, 2014, 10:59AM
                                            • Just the beginning. On all power bills it says what the government estimates the additional cost the CT is. Not the company sending you the bills estimate!!

                                              Commenter
                                              Gforce
                                              Location
                                              Syd
                                              Date and time
                                              July 09, 2014, 12:19PM
                                          • For some guidance on what the final outcome may be today the FTSE & DAX fell by 1.25% & 1.35% respectively. We are well on the way.

                                            Commenter
                                            mitch of ACT
                                            Date and time
                                            July 09, 2014, 10:56AM
                                            • Lord Deben: "The real issue is this: if people outside and inside Australia believe that Mr Abbott took climate change seriously, was going to international conferences to try to play Australia's part in leading the world, that he actually thought this was important and not, as is rumoured, thinks it's all rubbish, to use an English word, then we would be much more sympathetic with the views that he's putting forward. But we all know he and his government do not take this seriously where the rest of the world, as to 80-plus per cent plus of emitters are taking it so seriously, that we find it very upsetting that Australia should be slapping us in the face and saying, "We don't care about the climate. You can get on with it. We are not doing our part."

                                              http://www.abc.net.au/lateline/content/2014/s4042037.htm

                                              Disgraceful behaviour by Abbott, Hunt and the rest of the LNP dinosaurs protecting their mates in the coal industry.

                                              The richest country in the world, with abundant renewable energy and this is the face we show the rest of the world.

                                              Doubly disgraceful.

                                              Commenter
                                              Allan
                                              Location
                                              Prahran
                                              Date and time
                                              July 09, 2014, 10:52AM
                                              • Quite a revealing interview with Lord Deben on Lateline last night. Abbott, Hunt and the other LNP dinasours are the laughing stock of the world.

                                                Largest manufacturing facility in California? Yep, Tesla electric cars. 0-60mph in 4.5 seconds and 500 miles on a single charge.

                                                And they said it was a toy.

                                                New economy model coming out soon for $30K.

                                                What's the LNP doing? Protecting bogan billionaires and their coal mines.

                                                Is fmg $6 yet?

                                                Commenter
                                                Allan
                                                Location
                                                Prahran
                                                Date and time
                                                July 09, 2014, 10:45AM
                                                • Coupla punters were looking at day trading BPT but should have been a short..... i'm following a cycle [daily] on PRY could be a better option lately...swings of 6-10c not uncommon.

                                                  Commenter
                                                  BearshapedBull
                                                  Location
                                                  Mugpunters Lounge
                                                  Date and time
                                                  July 09, 2014, 10:22AM
                                                  • Is market correction on the way after strong run in many months ?

                                                    Commenter
                                                    Malvik
                                                    Date and time
                                                    July 09, 2014, 10:15AM
                                                      • Yep. 10% down. I've already moved all my super from equities into cash for a while.
                                                        See http://www.theage.com.au/business/markets/sharemarket-tipped-for-a-10-per-cent-pullback-20140709-zt0xm.html

                                                        Commenter
                                                        Engineer
                                                        Location
                                                        Scam City
                                                        Date and time
                                                        July 09, 2014, 10:31AM
                                                      • If the market going down is a correction, does that mean that when it goes up its an error?

                                                        Commenter
                                                        Wwwish Lion
                                                        Location
                                                        Melbourne
                                                        Date and time
                                                        July 09, 2014, 10:35AM
                                                      • Why do people always start talking of a correction after ONE down day? Mon and Tues were NOT really down days. ASX just as likely to jump tomorrow.

                                                        Commenter
                                                        Gumly
                                                        Location
                                                        Mackay
                                                        Date and time
                                                        July 09, 2014, 11:29AM
                                                      • The articles wrong in that it portrays the asx as record territory uh uh only the Dj is so poor journo skills there.

                                                        Commenter
                                                        Bearshapedbull
                                                        Date and time
                                                        July 09, 2014, 11:31AM
                                                      • I have moved 60% of my super into Defensive Growth after reading this article 2 days ago :
                                                        Veteran fund manager Han K. Lee says inflation is about to bite, leaving global sharemarkets set for the biggest tumble since the global financial crisis.

                                                        http://www.smh.com.au/business/markets/sharemarkets-set-for-biggest-tumble-since-gfc-says-veteran-investor-han-k-lee-20140707-zsyj6.html

                                                        Commenter
                                                        Homer
                                                        Location
                                                        Springfeild
                                                        Date and time
                                                        July 09, 2014, 11:58AM
                                                    • I no longer feel bad for selling Navitas too early :)

                                                      Commenter
                                                      GS
                                                      Date and time
                                                      July 09, 2014, 10:11AM
                                                      • oversold?

                                                        Commenter
                                                        BearshapedBull
                                                        Location
                                                        Mugpunters Lounge
                                                        Date and time
                                                        July 09, 2014, 10:33AM
                                                      • I'm taking a small punt/daytrade!

                                                        Commenter
                                                        GS
                                                        Date and time
                                                        July 09, 2014, 10:51AM
                                                      • @BearshapedBull, I think so, a buying opp there once the dust settles I'd say.

                                                        Commenter
                                                        JJ
                                                        Location
                                                        NSW
                                                        Date and time
                                                        July 09, 2014, 10:57AM
                                                      • BSB: Not if the loss of the contract is going to impact future dividends.

                                                        Commenter
                                                        DR
                                                        Location
                                                        syd
                                                        Date and time
                                                        July 09, 2014, 11:01AM
                                                      • Should still be getting a 10c+ div in 4-5 weeks. Maybe my "daytrade" can extend that far!

                                                        Commenter
                                                        GS
                                                        Date and time
                                                        July 09, 2014, 11:54AM
                                                      • Thought the same but had a good look and too tough for me now sentiment is uncertain. Good luck

                                                        Commenter
                                                        Harry Rogers
                                                        Date and time
                                                        July 09, 2014, 12:19PM
                                                      • Ok the punt is now down 6%... you win some you lose some! I'll see what the brokers have to spin tomorrow!

                                                        Commenter
                                                        GS
                                                        Date and time
                                                        July 09, 2014, 1:37PM
                                                      • Woo in the money again! It's profit time lol

                                                        I'll be quiet on this now :)

                                                        Commenter
                                                        GS
                                                        Date and time
                                                        July 09, 2014, 2:43PM
                                                    • The mugs who bid up ACR to $1.305 yesterday bailing out for whatever they can get. There have been more games played with this stock than in the World Cup.

                                                      Commenter
                                                      mitch of ACT
                                                      Date and time
                                                      July 09, 2014, 10:11AM
                                                      • @955am comment
                                                        Dem bones Dem bones
                                                        Dem jawbones...

                                                        Commenter
                                                        BearshapedBull
                                                        Location
                                                        Mugpunters Lounge
                                                        Date and time
                                                        July 09, 2014, 10:11AM
                                                        • dow -118points could see a continued ASX drop....but bargain hunting will take some thought to find value.....looking,looking.

                                                          Commenter
                                                          BearshapedBull
                                                          Location
                                                          Mugpunters Lounge
                                                          Date and time
                                                          July 09, 2014, 10:05AM
                                                          • Good luck to the holders of IPO 3P learning support for a sound education business model should be a growth stock for all involved both sides of the coin.
                                                            Lets see if a bargain materializes after some over zealous buying frenzy...similar to MVF scenario.

                                                            Commenter
                                                            BearshapedBull
                                                            Location
                                                            Mugpunters Lounge
                                                            Date and time
                                                            July 09, 2014, 10:00AM
                                                            • Down 13.2% about 20 mins after opening. Surely that's not common?

                                                              Commenter
                                                              Gareth
                                                              Location
                                                              Sydney
                                                              Date and time
                                                              July 09, 2014, 12:24PM
                                                          • So they are finally thinking of allowing the gold price to be fixed by the market.

                                                            Barclays (fined billions already for corrupt practices), HSBC (fined billions already for corrupt practices), Soc Gen (fined billions already for corrupt practices) and Scotia Bank (fined €600,000 for misleading practices) are the fabulous four who set the price each morning.

                                                            I wonder if the central banks had lunch with these four to discuss that their economies were in fine shape and there was no worry about their fiat currencies?

                                                            Guess which way the price will go if the market makes the judgment on the price of gold ?

                                                            Oh and of course there is still outstanding fines and cases for rigging LIBOR. Wonderful foundations we have for the financial system!

                                                            Commenter
                                                            Harry Rogers
                                                            Date and time
                                                            July 09, 2014, 9:57AM
                                                            • Which way?

                                                              I am an investing nob but am considering investin 100k in gold and silver. More as long term security.

                                                              Commenter
                                                              d d
                                                              Date and time
                                                              July 09, 2014, 10:39AM
                                                            • @d d, it is your call but if you do buy $100K worth of physical gold or silver, remember the importance of opportunity cost. Physical metals do not generate income.

                                                              By buying physical gold or silver you will forgo the opportunity of deriving income (realised capital gain, dividend income and imputation credits) from any or all of: individual shares, ETFs and Listed Investment Companies.

                                                              Commenter
                                                              Dr Kiwi
                                                              Date and time
                                                              July 09, 2014, 2:21PM
                                                          • who was it yest that said 5500 was the floor now ?

                                                            Commenter
                                                            j
                                                            Location
                                                            syd
                                                            Date and time
                                                            July 09, 2014, 9:57AM
                                                            • What happened to the 5500 floor everyone talked about. Must have been made with paper.

                                                              Commenter
                                                              Peter
                                                              Location
                                                              Sydney
                                                              Date and time
                                                              July 09, 2014, 9:55AM
                                                              • boards weren't nailed down.

                                                                Commenter
                                                                BearshapedBull
                                                                Location
                                                                Mugpunters Lounge
                                                                Date and time
                                                                July 09, 2014, 10:07AM
                                                              • Only got that high through hype & wishful thinking. Still 100 points above where it feels right to me for it to be. If consumer confidence stays low so will the ASX. The cuts from the gov't, real or imagined, are not helping.

                                                                Commenter
                                                                mitch of ACT
                                                                Date and time
                                                                July 09, 2014, 10:26AM
                                                              • 5500 breakout hasn't happened yet, don't panic. We have just moved up +140 last week and down -60 in 3 days. It's a normal sawtooth upwards. I trade millions both ways.

                                                                Commenter
                                                                Goldman
                                                                Date and time
                                                                July 09, 2014, 11:57AM
                                                            • Where are the bulls today?

                                                              Commenter
                                                              Allan
                                                              Location
                                                              Prahran
                                                              Date and time
                                                              July 09, 2014, 9:51AM
                                                              • They bet on GOLD and are now having a quite drink at The Flying Duck in Prahran. You're welcome to join in.

                                                                Commenter
                                                                Engineer
                                                                Location
                                                                Scam City
                                                                Date and time
                                                                July 09, 2014, 10:27AM
                                                              • I couldn't think of anything worse.

                                                                Commenter
                                                                Allan
                                                                Location
                                                                Prahran
                                                                Date and time
                                                                July 09, 2014, 10:41AM
                                                              • Dammit got it wrong i'm at The Whining Clown in Prahran.

                                                                Commenter
                                                                Ferdinand
                                                                Location
                                                                The Bull
                                                                Date and time
                                                                July 09, 2014, 10:45AM
                                                              • how long do you think allan would last in a room full of drunk bulls today?...or even bears for that matter, lol

                                                                Commenter
                                                                no banks .. no party!
                                                                Location
                                                                about 5 seconds
                                                                Date and time
                                                                July 09, 2014, 11:06AM
                                                              • Wow, it's been a great 2013/14 for the bulls.

                                                                2014/15 looks like getting even better. A$ should drop back to 88cents.

                                                                RIO back up to $70.

                                                                Life's good.

                                                                Commenter
                                                                lima
                                                                Date and time
                                                                July 09, 2014, 5:22PM
                                                            • Today, go short on Porsche, Audi, VW, BMW, and Mercedes-Benz. Simply because, sales are likely to be zero for sometime in...Brazil! GG.

                                                              Commenter
                                                              Gordon Gekko
                                                              Location
                                                              Greg Coffey World
                                                              Date and time
                                                              July 09, 2014, 9:21AM
                                                              • It's funny how often what should be enormous stories get very little attention in the mainstream media.

                                                                One is Germany's failure to get its gold repatriated from the US federal reserve. The only explanation is that the fed doesn't have enough gold left to do so! Watch this space.

                                                                Commenter
                                                                Fred
                                                                Date and time
                                                                July 09, 2014, 9:19AM
                                                                • Do you have a reference for that story Fred? Sounds like it could be a bigger scam than the missing metal that CITEC Resources thought they had stored at Qingdao Port.

                                                                  Commenter
                                                                  Engineer
                                                                  Location
                                                                  Scam City
                                                                  Date and time
                                                                  July 09, 2014, 10:03AM
                                                                • There is no gold left, the Federal Reserve has stolen everything of course. The reason this doesn't get a mention in media is of course that the same interest group that runs the Fed also has very large ownership and decision making positions in the largest media companies.

                                                                  Commenter
                                                                  Dr No
                                                                  Location
                                                                  Sydney
                                                                  Date and time
                                                                  July 09, 2014, 10:07AM
                                                                • I love it..Thanks Fred....I saw an incredible chart yesterday and can't seem to find it now...It shows all currencies have fallen against gold except NZ with Australia just below.....Given it's measured in USD, I'm not smart enough to work out exactly what it means. I don't own any gold but I own a SL of silver.

                                                                  Commenter
                                                                  JohnBB
                                                                  Date and time
                                                                  July 09, 2014, 10:16AM
                                                                • We'll look after your SL John

                                                                  Commenter
                                                                  Janet
                                                                  Location
                                                                  TheFed
                                                                  Date and time
                                                                  July 09, 2014, 10:25AM
                                                                • @Janet...Are you suggesting confiscation? ...or....erosion of value?

                                                                  Silver is also an industrial metal, so gives it value based on how much it costs to produce, demand, and as a precious metal. Very safe investment IMO.

                                                                  Commenter
                                                                  JohnBB
                                                                  Date and time
                                                                  July 09, 2014, 10:53AM
                                                              • "The Coalition's amended financial advice laws have fallen into disarray this week after Mr Palmer said he ''would never'' support them."

                                                                The wreckers getting wrecked. Sweet, sweet irony. LMAO!

                                                                Commenter
                                                                Allan
                                                                Location
                                                                Prahran
                                                                Date and time
                                                                July 09, 2014, 9:17AM
                                                                • 5500 rejected AGAIN...Palladium up.

                                                                  Commenter
                                                                  JohnBB
                                                                  Date and time
                                                                  July 09, 2014, 9:10AM
                                                                  • "Local stocks are set to open sharply lower"

                                                                    Three down days in a row? I like it!

                                                                    Commenter
                                                                    Allan
                                                                    Location
                                                                    Prahran
                                                                    Date and time
                                                                    July 09, 2014, 9:19AM
                                                                  • "James Packer has just one obstacle to clear before his ambition of operating a Sydney casino will become a reality"

                                                                    If only he had used his inheritance for good instead of evil.

                                                                    Commenter
                                                                    Allan
                                                                    Location
                                                                    Prahran
                                                                    Date and time
                                                                    July 09, 2014, 9:20AM
                                                                  • @Allan....It was the way he was raised....

                                                                    Public land was given away to a billionaire, and we're not allowed in to what he builds.....Premier that did the deal with him resigned for dealings in another matter...Let's have Barangaroo suspended and have an investigation....There's a genuine stench to it.

                                                                    Commenter
                                                                    JohnBB
                                                                    Date and time
                                                                    July 09, 2014, 9:52AM
                                                                Comments are now closed