NEW YORK ( TheStreet) -- Combing the world for great investment themes can be like finding a needle in a haystack. Also, there are usually a ton of variables to digest.There's nothing like the present moment realities to help us narrow down the choices. (However, if you learn of a very reliable financial clairvoyant -- now there's a new meaning for "FC," which usually stands for "financial consultant" -- please forward me the name and track record.)
Precious metals, including gold, silver, platinum and palladium, have staged an impressive rally off the 2013 lows. This has helped the miners and producing companies.
Oil is around $107 a barrel for West Texas Intermediate and over $110 for Brent International.
The central banks of the U.S., Japan, Europe, Brazil, Australia and even China have created "safety nets" under their economies with ongoing monetary easing and record low interest rates.
Australia's central bank reduced its key interest rate (similar to the U.S.
Federal Reserve's Fund Rate) to a record low 2.5% on Aug. 6. This was the eighth move in an easing cycle that began back in November 2011 and lowers interest rates below levels seen during the global financial crisis.
Analysts have estimated that for every U.S. penny the Aussie dollar falls, it adds around $100 million Australian dollars to BHP's bottom line. The central bank knows this and is signaling more easing ahead. "The Board has previously noted that the inflation outlook could provide some scope to ease policy further, should that be required to support demand," RBA Governor Glenn Stevens said after the last rate cut.