David Land Quotes on Resource (2 Quotes)

This is one of those times when everyone gets a reminder that prices move up and down. Overall though, most people maintain a buoyant outlook for resources generally and I'd be surprised if we don't see bargain hunters move on a number of stocks when given a big of encouragement from the price of commodities themselves. There is possibly an element of traders who have been very focused on opportunities within the resources sector now starting to look at other places to put their money.

After starting on a strong note, the day turned into a bit of a fizzer by the close with positive moves from a number of resource stocks counterbalanced by negative movement from some of the big banks, and (insurer) IAG and (property developer) Westfield Group weighing on the market.