The Good Morning Report – 17th Jan

1. Iran bombed US interests in Iraq…The situation could really escalate in the Middle East; this is not the time to be bearish ENERGY.

2. Vodafone Australia which is owned by TPG (TPG) is increasing prices by 6 to 9%…BUY

3. Unfortunately we may see a rough patch for GOLD miners…Barrick, the world’s second largest miner just announced production costs are expected to surge 8 to 10% from the previous quarter.

4. Cromwell (CMW) continues to cut the value of its commercial property portfolio – this time by 7.5%. We are likely to see other REITS follow suit over the coming weeks.

5. I’m adding the Chinese Top 50 large cap ETF to my buy list. It has tanked over 50% since 2021 – looks heavily oversold.

ASX 200 down 81 points to 7414

Our market copped a decent touch up as BEARS took control of proceedings….Fortunately it was an OK day for us with ETPMAG, PMGOLD & URNM finishing in the green.

US regional banks are going to be caught holding the bag as they have financed a big chunk of this market….Another banking crisis can’t be too far off. AVOID FINANCIALS

  • SPI is down 10 points
  • Bitcoin up 0.3% to $43,095
  • BHP in US down 3.09%
  • Newmont down 3.69%
  • RIO in London down 1.7%
  • Gold down 1% to $2030
  • Paper Silver down 0.96% to $23.10
  • Platinum down 1.8% to $893
  • Copper up 0.63% to $3.76
  • Brent Crude up 0.15% to $78.15
  • Iron ore up 1.5% to $129.5

Japan down 0.79%, China up 0.3%, Hong Kong off 2.16%

This means the Xi Man wants stocks higher….

DOW down 231 points to 37,361

Spirit Airlines got smashed after the court blocked the JetBlue merger. OUCH!!

Germans off 0.3%, Brits down 0.48% and Frenchies dipped 0.18%

Tough decisions are being made…Their struggle is real!

I wonder, will Durban in South Africa, that is swimming in literal shit be a topic this year? Or will real and fixable environmental problems be glossed over in favor of demonizing CO2 (basis of all life form on earth)?

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