Daily Murmur 17/11/10

by Gary Glover

Our recent theme that we are at the pointy end of a resource boom is starting to take shape.  The sharp sell off in Silver and Gold last friday is a concern and Oil and Copper had large moves down last night.  The Commodities bust cycle could be just beginning and the sell off in resource stocks could just be starting.  This is not just a short term sell off, it could be the beginning of a major sell off.

My Special Report for our broking clients explains why I think this sell off will be large and be substantial based on historical precedents.

Clue:  May 1951 and Late 1974 were two previous highs in commodity booms, look what happened to the All Ord's after these peaks, it wasn't pretty.


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.

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