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Internet probs this end so running late...

A backlash after yesterday's uncalled for action: Kiwis -0.1%, Aussies -0.9%, Japan -1.4% and Sth Korea flat.

In Aussie sectors, some still running hot: Gold +3.9%, Miners +3.4%, Materials +2.1% down to Consumer Discretionary -2.2%.
 

 

t?s=%5ENZ50&lang=en-NZ&region=NZ&width=3

 

t?s=%5EAORD&lang=en-AU&region=AU&width=3

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w?s=%5EAORD&lang=en-AU&region=AU

 

Almost a  round trip for All Ords which closed -0.1%.  In the sectors, Miners remained strong, +4.3% followed by Gold +4.1%.  Consumer Discretionary fell the most, -1.3%.

Over in Asia, China -0.6%, Hong Kong +0.6%, India currently +0.7% and Japan -1.3%.

 

 

On to UK/Europe:

 

t?s=%5EFTSE&lang=en-AU&region=AU&width=3

 

t?s=%5EGDAXI&lang=en-AU&region=AU&width=

 

t?s=%5EFCHI&lang=en-AU&region=AU&width=3

https://au.finance.yahoo.com/

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Remember when oil started to crash all these articles telling us how the Break Even Point for oil production is very low and depends mostly on variable costs in the short-run ? Neither do I.

But now that oil is trading for a quarter of its top these establishment reporters are all very sharp cookies.

 

http://www.bloomberg.com/news/articles/2016-02-05/how-much-global-oil-output-halted-due-to-low-prices-just-0-1

 

 

Meanwhile, OPEC basket closed at its highest price since the 5th of January.

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Remember when oil started to crash all these articles telling us how the Break Even Point for oil production is very low and depends mostly on variable costs in the short-run ? Neither do I.

But now that oil is trading for a quarter of its top these establishment reporters are all very sharp cookies.

 

http://www.bloomberg.com/news/articles/2016-02-05/how-much-global-oil-output-halted-due-to-low-prices-just-0-1

 

 

Meanwhile, OPEC basket closed at its highest price since the 5th of January.

 

Well, everybody except you know who, who pointed out that average lifting costs for US shale was around $12 a barrel and would go lower as the price of oil dropped because energy cost is a major input. 

 

http://wallstreetexaminer.com/2014/12/why-the-price-of-oil-is-finally-declining-and-why-it-will-lead-to-disaster/

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LATEST PRO TRADER REPORTS PRECIOUS METALS PRO Gold Still Has Pop by Lee Adler •  February 5, 2016

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