The Good Morning Report – 18th of June

1. Is Nvidia going to be the most epic pump ‘n dump scheme of all time? Just watch this 28 minute clip – it’s all explained so simply…..Nvidia could be the BLACK SWAN.

2. RBA meets today – it is widely expected that they will keep rates on HOLD.….I personally think they should hike.

3. Looks like Origin (ORG) and AGL (AGL) are now trying to distance themselves from wind and solar.

4. Japan dumped $17bn worth of foreign bonds last week….Some bad things could be happening behind the scenes – I’m still predicting a currency crisis for the YEN.

5. VanEck is launching a Bitcoin ETF on the ASX this week. Code will be VBTC.

ASX 200 down 24 points to 7700

Once again miners were on the nose with the LITHIUM plays selling off the most on talk that the Chinese market is oversupplied with the stuff. PLS fell 3%, LTM lost 6% and PLL fell 8.3%

Also not helping the horrible sentiment in the LITHIUM sector was news that Serbia is set to approve Rio Tinto’s (RIO) mega mine….

AGL (AGL) and Origin (ORG) look like they are now distancing themselves from wind and solar farms….They know the public is going to turn on them big time so are getting out in front of it, but we shouldn’t let any of them off the hook….A fund, sort of like James Hardie’s (JHX) asbestos one, needs to be established for the full rehabilitation of natural habitats they have destroyed. Subsidies should also be returned as they were procured under false pretenses…..GREEN = SCAM.

  • SPI up 28 points
  • Bitcoin up 0.33% to $66,736
  • BHP in US down 0.92%
  • Newmont in US up 0.67%
  • URNM in US up 0.18%

Movements affecting our resource stocks today (USD)

  • Gold down 0.67% to $2333
  • Paper Silver up 0.1% to $29.49
  • Platinum up 1.65% to $974
  • Palladium down 0.45% to $894
  • Copper down 0.75% to $4.46
  • Brent Crude up 2.2% to $84.44
  • Iron ore down 2.1% to $105.20

Japan down 1.8%, Hong Kong FLAT and China off 0.55%

You have to laugh about India’s side hustle (thanks to sanctions) of buying cheap Russian crude then refining it to sell to the dimwits in Europe. Pure CLOWN WORLD!!

DOW up 188 points to 38,778

The S&P 500 and the NASDAQ made fresh record highs. Apple closed in the green once again – up 1.97% while Nvidia fell 0.66%.

If Nvidia turns out to be the mother of all pump ‘n dumps, I don’t think I’ll stop laughing for years! Make sure you watch that clip at the top of my report.

Germans up 0.37%, Brits FLAT and Frenchies up 0.91%

A bit of money came back into the French stock market after selling off last week due to Macron calling a snap election.

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