Market Watch at Diggers & Dealers 2017

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Market Watch at Diggers & Dealers 2017

THE CONFERENCE CALLER: One of The Roadhouse’s favourite Diggers & Dealers-related activities is to watch how the daily presentations are rated by the market.

Sure, there are a lot of people away from their desks, and to be fair, because the conference is held two time zones away from the country’s central stick market, any news – good or bad – that is delivered by presenters, usually won’t have much effect until the next day.

Savvy broker types will most likely be up early in the morning, pounding away on keyboards as they eat breakfast.

Either that or they will have placed their orders the previous afternoon, allowing them to email their clients, so they can sleep in until lunchtime.

Gold plays, of course, dominate not only the Kalgoorlie skyline, but also the city’s major conference, so we’re sure to hear that the most glittering of prizes is holding its own in the current atmosphere.

A couple of lithium lays have made the grade for a presentation spot, which is a dip of the lid to its standing in the technology sector, and acknowledgement that electric cars will soon be creating traffic snarls around afternoon private school pickups.

Below is the how this year’s presenters closed last night, or yesterday afternoon for those of us in the west.

Looking across the board it still seems that, even though we’re expecting a bumper crowd in Kal next week, it’s still pretty hard to gain any traction share price-wise in the current market.

There’s a few who were flying high late last year, even early this year, who have come back to the pack, as well as a few that haven’t really been able live up to the hype (some may call it potential) they insisted they brought to the party.

We’ll be providing a daily check on the what goes down – or up – during the week.