Daily Murmur 09/11/10

by Gary Glover

Not too much to add today.  Gold looks to be accelerating here and I’m expecting a sharp move higher from here.  Will look through some of the small to mid caps today and see if there are any opportunities present. 
Shell has offloaded it’s stake in WPL and this as seen as a positive for Woodside as this has always been seen as a blocking stake if anyone wanted to make a play for the stock. Might be some short term selling pressure first as insto's sell off their cheap stock.


Gary Glover is an Authorised Representative (Rep No. 259215) of Novus Capital Limited ("Novus"). Novus is a holder of Australian Financial Services Licence No 238 168. Novus, its directors, officers, associates and employees each declare that they, from time to time, may hold interests in financial products and/or earn brokerage, commission, fees or other benefits from financial products mentioned in this e-mail or attached documents. Unless specifically stated within this page or an attached document, any information communicated by this e-mail constitutes unsolicited general financial product advice which has been compiled without regard to any investor's individual objectives, financial situation or needs. It is not specific advice for any particular investor. Before making any decision about the information provided, you need to consider the appropriateness of this information having regard to your individual objectives, financial situation and needs and consult your adviser. Any indicative information and assumptions used here are summarised and also may change without notice to you, particularly if based on past performance or relate to a future matter.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?