The Good Morning Report – 17th of April

1. Lynas (LYC) is now in play as Gina has just picked up a 5.8% stake in the mighty rare earths miner…..This move might even kick RIO TINTO into gear….Due to the strategic importance of LYC, a potential buyer would have to offer in excess of $10. BUY last sale $6.09

2. The world’s largest nuclear power plant which is located in Japan, is about to fire up again….The URANIUM shortage over the coming years could become BIBLICAL!

3. There is growing talk that BIDEN will drain even more of America’s STRATEGIC PETROLEUM RESERVE in order to keep a lid on OIL prices going into the NOVEMBER election.

4. Chinese STEEL exports hit the highest level since 2016….After a decent pullback, HARD COKING COAL or MET COAL now looks to be heading back up. WHC, SMR & CRN are the best exposures for this type of COAL.

5.BITCOIN is no longer scarce….Wall Street has hypothecated it, so there is now heavy trading in BITCOIN OPTIONS, BITCOIN FUTURES, BITCOIN OPTIONS OVER FUTURES (yes indeed! hahaha), BITCOIN ETFs, BITCOIN CFDs and all sorts of other OVER THE COUNTER DERIVATIVES on BITCOIN.….In my view BANKS will eventually get squeezed out of their multi decade PRECIOUS METALS churn (because humanity needs the physical metal), and migrate their market manipulating trading books to CRAPTO.

ASX down 140 points to 7612

We held up pretty well as PMGOLD and ETPMAG rallied around 2% each while just about everything else was sold off…I was a little surprised however, to see XGD which is our GOLD mining index close 1.5% lower. Did instos/brokers not see AUD GOLD prices cross $3700 to make yet another fresh all time high?!?!!!!

Question: how does any broker look at this chart and tell their clients to sell GOLD miners which have already been significantly underperforming the price of GOLD???….The margins being made right now are as juicy as ever.

Star Group (SGR) shares tanked another 14% to an all time low of 42c as the former CFO claims she was asked to cook the books….Wall Street vulture firm Blackstone (now Crown Casino owner) must be licking their chops with all this CHAOS as it’s looking more likely they will waltz on in and scoop up it’s NSW operation on the cheap……My long held AVOID rating on SGR has served it’s purpose.

If Christina is a real whistleblower, she will be banished from the club ie black listed from ever holding a senior executive role at a blue chip corporate….If she pops up at another major (rewarded) then she is part of the conspiracy to sabotage SGR shareholders to possibly enrich WALL STREET.

#real whistleblowers generally get their lives ruined – that’s how the system works.

This one goes out to all the science deniers that occupy parliament, universities, schools, mainstream media, and boardrooms across the country….

# I cut this great slide from a CRN presentation. (CRN is a BUY last sale $1.175)

  • SPI is down 12 points
  • Bitcoin down 1% to $62,634
  • BHP in US was down 3.56%
  • Newmont in US down 0.86% (What are the Yanks waiting for???)
  • URNM in US down 2.42%

Movements affecting our resource stocks today (USD)

  • Gold up 1% to $2406
  • Paper Silver down 1.42% to $28.30
  • Platinum down 0.77% to $973
  • Palladium down 2% to $1021
  • Copper down 1.78% to $4.30
  • Brent Crude down 0.16% to $89.94
  • Iron ore down 2.1% to $109.90

Japan down 1.94%, China off 1.65% and Hong Kong fell 2.2%

China’s economy grew at a much faster than expected rate of 5.3% in the last quarter. Analysts were expecting 4.6% – the major BEAT was driven by a surge in manufacturing and power supply.

‘Hi… I’m Xi Man, master of the universe. Do you lift?’

DOW up 63 points to 37,798

Fed Reserve Chairman Jay Powell told the market that rates need to remain higher for longer….I’m not sure how stocks held up after those comments. BONDS were sold off again with the all important US 10 year yields rising to 4.66% (yields or interest rates go up when bonds prices fall – inverse relationship)

Germans fell 1.44%, Brits off 1.8% and Frogs dropped 1.4%

Oh the humanity – European shares fell. Shocking, just truly shocking. How can this be?….ECB needs to crank the digital money printer and buy stocks before it is too late. SOS! SOS!!!

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