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The Good Morning Report

Posted on January 15, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1.  Indonesia is banning bauxite exports from June this year (bauxite gets refined into alumina).....I see this as a bullish development for Alumina (AWC) BUY last sale $1.67

2.  CEO of state owned South African energy provider Eskom quit and was subsequently poisoned after drinking a cup of coffee laced with cyanide - wild story....SA energy grid is a total basket case which will lead to falling PLATINUM supply at a time when there is bugger all inventory available. BUY PLATINUM PHYSICAL ETF.

3.  The Mike Cannon-Brookes backed Sun Cable solar project has gone belly up....Reminder: GREEN = SCAM = AVOID

4.  HSBC resigned its membership of the London Metals Exchange (LME)....exiting the crime scene?

5.  The SHORTS have gotten well and truly thumped on our GOLD stocks. The XGD (gold miners index) has rallied 54% since late September:  Giddy up!!!

ASX Market Update

ASX 200 up 47 points to 7328

We saw another solid session on our market thanks to the positive lead out of Wall Street and higher commodity prices....With inflation pulling back a little in the US, the market is now pricing in just a 0.25% rise in interest rates at the next FEDERAL RESERVE meeting.

Santos (STO) put on 2.3%, Domino's (DMP) rallied 4.4% and  Boral (BLD) added 2.83%

Random Observation

I saw this tweet and thought...WOW!!! very very impressive indeed - I wonder whose coal, silicon, alumina etc...they are using to make these solar panels.

As I researched into the company, I quickly found they are not manufacturing the panels from scratch in Australia but rather are buying the components from CHINA and just assembling it here.....Chris Bowen is a con artist and the "Australian Made" kangaroo tag on the box is total BS.

The 'Climate Cultists' have a free pass to push propaganda.

The Day Ahead

  • Our SPI is up 36 points
  • Bitcoin up 4.6% to $19,836 (Saturday morning price)

Movements affecting our resource stocks today (USD)

  • BHP in the US up 0.43%
  • Gold up 1.27% to $1923
  • Paper Silver up 1.7% to $24.41
  • Copper up 0.5% to $4.21
  • Brent Crude up 1.6% to $85.43
  • $A buys 69.75 US cents

Asian Market Update

China up 1%, Hong Kong added 1.04% and Japan fell 1.25%

Xi Man is giving the Chinese property sector a decent liquidity pump - hence the rally in iron ore.

Global Market Update

US Market

DOW up 112 points to 34,302

Elon has slashed the price of his cars; demand must be sinking.... Tesla shares closed 1% lower and have fallen 60% since October last year.

 

European Markets

FTSE up 0.64%, DAX added 0.19% and CAC put on 0.69%

This is going to happen across the Western world....AVOID BANKS

Key Market Summary

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The information provided in this post is general information only. Unless otherwise stated the information is not designed for the purpose of providing personal, financial or investment advice. Any examples are presented for illustration purposes and past performance is not a reliable indicator of future performance. The information provided does not take into account your particular investment objectives, financial situation or investment needs.

Without limiting the generality of the above paragraph no person, persons or organisation should invest monies or take action on the reliance of the material contained in this post, but instead should satisfy themselves independently (whether by expert advice or otherwise) of the appropriateness of any such action. Unless otherwise stated the information presented is not a recommendation to invest in any investments, securities or financial products.

This service, like all other financial services, is subject to market forces and unpredictable events that may adversely affect its future performance. Whilst all care has been taken in compiling information in this post, and is provided in good faith, it is not to be relied upon as a substitute for professional advice. The views expressed are commentary only and the writer accepts no responsibility for the accuracy, completeness or timeliness of the information.

Super Equity Pty Ltd ACN 609 373 202 is a Corporate Authorised Representative 001238425 of ANDIKA Pty Ltd AFSL 297069. It should also be noted that references and hyperlinks to any third party information (including, but not limited to: news articles, blogs, reports, videos or other mediums of information) is not an endorsement of that party or product.

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Stephen Hall
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September 21, 2023.
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June 22, 2023.
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Natalie Gaby
January 12, 2023.
I highly recommend Super Equity to anyone needing assistance or guidance with their Super. Tracy was very thorough and clearly explained how Super works and why she made particular recommendations for us. Her (and the team's) customer service is outstanding with being very personalised, and we look forward to a long working relationship with them.
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August 8, 2022.
A huge thanks To Tracy And Adrian from Super Equity for sharing their knowledge on the recent Introduction To The Stock market Course I attended. The course was fabulous and gave a great insight on how the world operates from Share Markets, to Economic Cycles, World Currencies and great tips on how to look for opportunities on how and where to invest based on local news and world events along with overseas markets and indicators. Also thanks again Adrian for the Silver coin for 1st prize as part of the demo share market game we played over the duration of the course. Would thoroughly recommend the Stock Market course as well Tracy and Adrian's knowledge on our own investments. Cheers Charlie
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April 29, 2022.
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