Iron Ore: Why it Pays to Invest Over the Long Term

03.01.2017 • Gold and Natural Resources

Kris Sayce – Port Phillip Insider (AUS) –

One year ends, another begins.

Funny that. It always seems to happen that way.

We assume it will happen again, 362 days from now.

However, not everything is as predictable as the calendar.

And even calendars are subject to change. We wonder how many folks at the beginning of 1582 predicted the calendar would change from the Julian to the Gregorian form that year.

The point is, sometimes unpredictable and unexpected things do happen. Not often. But they do happen.

And, like it or not, we expect more unexpected things to happen in 2017. Make sure you’re prepared for them. That’s why we’re here. To help with the preparation…

Markets

Over the weekend, the Dow Jones Industrial Average closed down 57.18 points, or 0.29%.

The S&P 500 closed down 10.43 points, or 0.46%.

The US market was closed last night for the New Year holiday.

In Europe, the Euro Stoxx 50 index gained 18.15 points, or 0.55%. The FTSE 100 index was closed for the New Year holiday, while Germany’s DAX index was up 117.27 points, or 1.02%.

In Asian markets, Japan’s Nikkei 225 index is closed for a Bank Holiday. China’s CSI 300 is up 0.7%.

In Australia, the S&P/ASX 200 index is up 67.3 points, or 1.19%.

On the commodities markets, West Texas Intermediate crude oil is trading for US$54.04 per barrel. Brent crude is US$57.16 per barrel.

Gold is US$1,157.23 (AU$1,601.14) per troy ounce. Silver is US$16.09 (AU$22.26) per troy ounce.

The Aussie dollar is worth 72.27 US cents.

Not what we expected

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