Next cab? Thu Dec 30

There has been good continuation with the rare earths rally. Lynas is up 16 at 195.5 and has reached as high as 202. Sold half of my balance at 195. Also sold a quarter of the Aru position at 143.5. Arafura is up a more subdued 5%.
I'm still quite keen on Ozl to have a 2 or 3 day surge. The stock is just hovering below a potential breakout level. The longer the price stays near the highs, the less likely it seems that it will have another leg down despite being below an interim high of 175.5 which was reached on December 15th. Bought more at 174.

Pna is also a copper/gold stock and has just reached new (recent) highs at 88.5. The chart lends support to the bullish view.

Meanwhile, the LME copper chart is stronger again than Pna. Another positive leading indicator.

11.45 The market is up 20 points, not a lot of change in the last hour or so. I'm off to lunch with a friend and I'm reasonably confident the market will hold up. Happy enough to leave things as they are.

3.23 Not a lot of change, up 18.

I've had a nibble at Karoon, buying a few stock at 737. I'm looking at a second attempt at rallying and using 720 as a stop. There's plenty of support around here but the stock is quite illiquid.

4.11 Well that's time for another day. The Xjo index managed a gain of 15 points. Tomorrow is New Year's Eve and another shortened trading session with a 2.10 pm finish scheduled.