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The Good Morning Report

Posted on July 13, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. US inflation rate came in at 3% Vs 3.1% expected.

2. I can't believe that Incitec (IPL) is entertaining the idea of selling its unique fertilizer division. The fact that a number of parties are keen, surely demonstrates what a cracking long term business it is - so giving it up for a short term sugar hit (management collect big fat bonuses, shareholders get a special one off dividend) would be outrageous.....BUY last sale $2.92

3. Xi Man has given his IT sector the GREEN light after cracking down heavily back in 2020.....ASIA TECH TIGERS ETF stands to make a big recovery from here. BUY last sale $7.37

4. I am adding Kingsgate (KCN) to my BUY list : last sale $1.43...KCN will be back into full production next year at it's high grade, low cost Chatree GOLD mine in Thailand....There is a very, very good chance it gets taken over. See Random observation for more details.

5. KMD Brands (KMD) was the latest in a long line of retailers to report of a weaker consumer....I maintain my avoid on the sector.

ASX Market Update

ASX 200 up 26 points to 7135

KMD Brands (KMD) which owns Kathmandu and Ripcurl was one of the worst performers dropping 9% to close @ $0.88. Even though they are on track to deliver record sales it was the prospect of a weaker consumer that rattled investors....

Random Observation

Why Kingsgate?

  • KCN has completely sorted it's long running dispute with the Thai Government.
  • By next year they will be mining 110K ounces of GOLD per year at a cost of $US1,255.
  • With it's low cost mine, KCN is cheap - market cap of just $380 million.
  • GOLD M&A is going to continue at a rapid pace with KCN an obvious target.

The Day Ahead

  • Our SPI is up 61 points.
  • Bitcoin down 0.8% to $30,312

Movements affecting our resource stocks today (USD)

  • BHP in the US up 3.3%
  • Newmont up 4.39%
  • Gold up 1.3% to $1963
  • Paper Silver up 4.53% to $24.33
  • Platinum up 2.79% to $958
  • Copper up 2.3% to $3.85
  • Brent Crude up 1% to $80.22
  • Iron ore up 2.1% to $111.10

Asian Market Update

Japan down 0.81%, China off 0.78% and Hong Kong put on 1.08%

Xi man cracked down big time on the TECH sector back in 2020 as many players were getting too big for their boots - stocks crashed as a result.....Well it now looks like he is giving them the GREEN light.....ASIA TECH TIGERS ETF is a BUY last sale $7.37....I initially recommended this ETF way too early, so those of you with higher entry levels should consider averaging down.

Global Market Update

US Market

DOW up 86 points to 34,347

Life changing gains are on the cards for those that are positioned correctly...well worth the risk to make sacrifices NOW by accumulating what you can.

Only people with WEALTH get to AVOID the GREAT RESET.

European Markets

Germans up 1.47%, Brits added 1.83% and Frenchies put on 1.57%

European investors poured into stocks on the lower than expected inflation number out of the US.

Key Market Summary

General Advice Warning
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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June 22, 2023.
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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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