Tuesday, January 9, 2007

Morning Wrap 060109

Resources - especially copper and gold seem to be bringing the resource stocks down. This is affecting the general market which is down from opening at all time high at the start of the year. Bank stocks affected.

US dollar is weak - so there should be more demand in gold, unless supply is abundant.

Should this be leading to a general bigger fall, one of several safe categories could be biotech. An article on the SMH lists safe sectors as utilities, telcos, healthcare, food....
http://www.smh.com.au/news/business/analysts-cashing-up-see-reasons-to-be-nervous/2007/01/08/1168104920034.html

Watch biosignal... BOS

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