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The Good Morning Report

Posted on March 31, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. China and Brazil have reached an agreement to do all trade in YUAN and REAL, completely bypassing the USD; $159bn worth of trade was done between the two countries last year....We are witnessing the biggest shakeup in the FINANCIAL WORLD ORDER since President Nixon abandoned the GOLD STANDARD in 1971.....I'm telling you - these are HISTORIC MOMENTS!!! 

2. Great news...Regis (RRL) got final approval for its McPhillamys Gold Project which is located 250km west of Sydney. This is a big win for shareholders - very surprised RRL only rallied 5%. BUY last sale $2.00

3. Traders have built a decent size short position in OIL futures, so wouldn't be surprised to see a surge higher (short squeeze) sometime soon.

4. Iluka (ILU) is a dominant force when it comes to mineral sands - therefore it would make strategic sense for one of the majors to take it over. BUY 

5. This is no joke...almost 20% of all office space in the USA is empty.

ASX Market Update

ASX 200 up 72 points to 7122

Resources, Industrials and Financials all finished in the green after a positive lead out of Wall Street.

There is all sorts of funny buggers going on with Mincor (MCR) at the moment.  Twiggy is trying to buy the company for $1.40 per share, but he could pull out as MCR management announced BHP all of a sudden has a problem with the quality of its nickel ore it is getting, so they have been forced to withdraw  production guidance - see below....It's a hard call because even MCR don't know what is going on....To keep the nickel exposure, a switch to PAN could be the way to go.

Random Observation

YIKES!!!....Almost 20% of US offices space is empty.....this could get real nasty.

 

The Day Ahead

  • Our SPI is up 41 points
  • Bitcoin down 1.5% to $27,138

Movements affecting our resource stocks today (USD)

  • BHP in the US up 3.46%
  • Gold up 0.75% to $1999
  • Paper Silver up 2% to $23.95
  • Platinum up 2% to $996
  • Copper up 0.55% to $4.10
  • Brent Crude up 1.2% to $79.22
  • Iron ore up 1.9% to $125.15

Asian Market Update

Japan down 0.36%, Hong Kong added 0.58% and China put on 0.65%

These are HISTORIC moments!!....Most people in the WEST don't understand or even know what is going on.....GOT GOLD?? GOT SILVER???GOT PLATINUMUM????....Let's GO!!!

Global Market Update

US Market

DOW up 141 points to 32,859

So while China is cutting HISTORIC deals to bypass the USD, the US Treasury Secretary - Janet Yellen is telling congress that climate change is an existential threat. Perverse part is - the GLOBALISTS policies are designed to trash the environment, create rampant inflation and leave you poor while they swan around the world in the lap of luxury....We live in Orwellian times:

 

European Markets

Brits up 0.74%, Germans added 1.26% and Frenchies put on 1.06%

Shares of clothing retailer H&M popped 17% on the back of a profit result that smashed expectations.

Key Market Summary

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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.

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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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