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The Good Morning Report

Posted on August 18, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. JUST IN....REGISTERED COMEX SILVER inventories just fell 10.3% to 27.6 million ounces - just US$626 mil worth of SILVER remains!!!....I'm getting a bit excited now....I truly think SILVER&PLATINUM will provide people with a way out of the rat race or to level up in this game of life we are all playing....If you have got any better ideas then I am all ears.

2. Aussie unemployment rate kicked up to 3.7%....24,200 lost full time jobs in July, 9600 gained part time work.....Is this the start of a nasty economic turn?

3. PAC Capital which manages about $400 million, has frozen redemptions from its managed funds....These are the same kind of things that I distinctly remember happening in the lead up to the GFC.

4. YanCoal announced it is paying a 37c dividend fully franked (ff). It goes EX on the 5th of September - meaning to be entitled to it, you need to own it by the 4th....YAL last paid 70c ff so for the year investors will end up receiving $1.07 which is about a 21% yield and becomes 29% grossed up for franking - this stock has been a great earner so far. BUY

5. Very disappointing seeing Core Lithium (CXO) come out with a $100 mil 40c capital raise as it was only a few weeks ago they were boasting to the market about having $152mil in the bank and no debt!....Management are obviously nervous about the lithium price and difficulties in executing their plans.... I put a BUY recommendation on the stock at $1.00 after falling from it's high of $1.86. Can't win them all....HOLD

ASX Market Update

ASX 200 down 49 points to 7146

Bit of a crappy day on the market with Core Lithium (CXO) having a shocker tanking 24% but....it wasn't all bad - on the positive Inghams (ING) rallied 14% after posting a very strong set of results. BUY last sale $3.19

Despite prices going up, Aussies are still going to be eating plenty of chicken - if anything consumption will increase as steak and lamb become out of reach for families.

Random Observation

Uranium prices are destined to go higher....BUY URNM

The Day Ahead

Reporting: ALK, MFG, LFS

  • Our SPI is down 18 points
  • Bitcoin down 4.3% to $27,858

Movements affecting our resource stocks today (USD)

  • BHP in the US down 1%
  • Newmont up 0.97%
  • Gold down 0.5% to $1918
  • Paper Silver up 0.82% to $22.72
  • Platinum up 0.67% to $887
  • Copper up 0.72% to $3.68
  • Brent Crude up 0.48% to $83.85
  • Iron ore up 4.4% to $105.25

Asian Market Update

Japan down 0.44%, China up 0.43%, Hong Kong FLAT

Looks like the TRADE WARS are building....Wonder what the Xi Man is going to hit them back with?

 

Global Market Update

US Market

DOW down 290 points to 34,474

US stocks rolled over again as profit taking in some of these global giants continues. Apple dropped 1.4%, Tesla fell 2.83% and Microsoft off 1.1%.

European Markets

Germans down 0.71%, Brits fell 0.63% and Frenchies dropped 0.94%

Netherlands officially entered a recession as exports and household consumption fell.

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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Stephen Hall
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September 21, 2023.
Tracy & Adrian's knowledge/experience with financial markets, greater global & domestic political/economic impacts & individual companies/stocks is not just unique & refreshing, but also gives great peace of mind. Having a team this capable taking care of your hard earned to help avoid knowable negative impacts, and/or take advantage of opportunities well ahead of time is like nothing I've experienced before. Could not recommend highly enough. Subscribe to Adrian's newsletter too if you want a no B.S. commentary that is unlike the sanitised drivel coming from mainstream financial reporting.
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jeff allott
June 22, 2023.
Sound knowledgeable and friendly service with advise tailored to my requirements
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Natalie Gaby
January 12, 2023.
I highly recommend Super Equity to anyone needing assistance or guidance with their Super. Tracy was very thorough and clearly explained how Super works and why she made particular recommendations for us. Her (and the team's) customer service is outstanding with being very personalised, and we look forward to a long working relationship with them.
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Charlie Gimblett
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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April 29, 2022.
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My husband and I have had the privilege of receiving the guidance, services and support from Tracy for over 5 years. Having joined Super Equity has been one of the best financial decisions we have made to date. Tracy's extensive experience and knowledge has guided and helped us improve in our financial journey. No question is to silly, Tracy is always available for any query you have and gives us the time to explain our portfolio and investments. Receiving the daily morning reports has been helpful to understand and learn the market. We have always highly recommended and will not hesitate to recommend Tracy and team for any and all financial guidance. Thank you Tracy and look forward to your continual support.
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Tracy has been an amazing teacher. I have gone from having no idea about what my super was doing and feeling really overwhelmed by the thought of all that it involved, to now being in control and understanding. Through super equity's I have a transparent, easy to understand managed fund. Tracy has even put me into contact with advisors specialised in life insurance and income protection. I cannot thank Tracy enough for empowering me and helping me organise all my affairs. If you need someone patient an knowledgeable to organise your super and investment portfolio, Tracy is the best!!
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