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The Good Morning Report

Posted on September 15, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. URNM the Uranium ETF that I have been banging on about is now up 50% since April this year....I think it may even be the best performing unleveraged ETFs in the world this year!

2. This is something very, very interesting to watch....GOLD and SILVER are trading at record premiums in Shanghai Vs COMEX - if sustained we could see WESTERN bullion reserves get drained even quicker. Bring it on!!!!

3. MET COAL is fetching US$321 a ton for October delivery....COAL stocks are set for a big re-rating. BadaBOOM!!...Also be proud of our COAL industry and the good it does in alleviating poverty of millions in Asia. Plus the wealthier they get - the better stewards of the environment they can become.

4. Biden Administration is planning on changing a 151 year old mining law to make companies pay royalties when extracting metals....The move will make it even harder to get projects off the ground which will be bullish for prices.

5. ECB increased interest rates from 4.25% to 4.5%.

ASX Market Update

ASX 200 up 32 points to 7186

Traders were pumping money into iron ore, uranium and coal miners as the underlying commodity prices continued to surge. URNM put on 4.29%, CRN added 4.17% and FMG rallied 4.13%.

Random Observation

If this is starting to happen with unemployment around record lows, imagine if people start losing their jobs?

 

Still wonder - will AirAlbo's cashed up economic replacements from overseas be enough to support our property market???

Turning to the ASX...AFR calling for our stock market to boom basically for the next decade all thanks to AirAlbo.

 

The Day Ahead

  • Our SPI is up 85 points
  • Bitcoin up 1.8% to $26,606

Movements affecting our resource stocks today (USD)

  • BHP in the US up 4%
  • Newmont up 0.66%
  • Gold FLAT @ 1932
  • Paper Silver down 1.1% to $22.92
  • Platinum up 0.62% to $910
  • Copper  up 0.65% to $3.82
  • Brent Crude up 2.45% to $94.13
  • Iron ore up 1.6% to $121.30

Asian Market Update

Japan up 1.4%, China added 0.11% and Hong Kong put on 0.21%

What's the bet our mining executives are completely clueless to this price action?...Every GOLD/SILVER/PLATINUM/COPPER mining company needs to quickly change tact and only sell just enough metal to cover expenses. Time to STOCKPILE!!!!!!

 

Global Market Update

US Market

DOW up 331 points to 34,907

All the focus in the US was around the ARM IPO which came on at a 24% premium....ARM is a chip design company.

But this below is probably the biggest story you are not hearing about....John is from the World Gold Council - it is a legitimate chart....I must admit - I'm getting excited!!

European Markets

Germans up 1%, Brits surged 1.95% and Froggies added 1.19%

ECB president Christine Lagarde announced another 0.25% interest rates hike to 4.5%.

'How dare you, we don't tolerate those sort of questions around here...My mandate has always been clear - to facilitate the 'safe and effective' movement of wealth from the working class to the top 1% and so far I have been extremely successful thankyou very much...Now, can someone send that rude far-right journalist off to one of our reeducation facilities? My patience is wearing thin".

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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September 21, 2023.
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June 22, 2023.
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January 12, 2023.
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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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