Australian All Ordinaries Continues to Set All-Time Highs

Led by gains in natural resource stocks, the Australian All Ordinaries (^AORD) is trading at all-time highs. Since April 2003, the index has completed two extended upside segments. Because many upsides end on the third upside segment, this index could become quite volatile.

One way to play the Australian stock market and indirectly own commodities is to buy iShares MSCI Australia Index (EWA), a low-fee exchange-traded fund (ETF). EWA's fees are particularly low compared with many so called natural resource mutual funds.

For more information about Australian stocks see the Australian Stock Exchange.

Related Articles:

Australian All Ordinaries At All-Time Highs
Hot Commodities by Jim Rogers is a Good Read
Price Upsides Often Occur in Three Stages

Posted April 17, 2007.