The Good Morning Report

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. AFR reported over the weekend that Solomon Lew's Premier Investments (PMV) which owns such outlets as Smiggle, Just Jeans and Peter Alexander are about to report some very weak sales for MAY. The AFR has a "source close to the preparation" of the figures - are you kidding???? They now openly admit to having an insider and no one dares bat an eyelid....AFR is owned by Nine Entertainment (NEC) which is chaired by Peter Costello who also chairs the FUTURE FUND - only whacky conspiracy theorists like me would see a problem with that link!....AVOID PMV and AVOID NEC.

2. AGL is about to increase electricity tariff prices for NSW households by up to 51%....Remember when the establishment had people believing renewables were going to lower power bills?...All they do is lie.

3. Here is your "SAFE & EFFECTIVE".....AVOID Pfizer & Moderna shares - makes me sick to the stomach how many billionaires got minted off the jabs for a virus with a 99.8% survival rate.....Scam of the century....Read this:

4. US National debt just hit $32 TRILLION - a jump of $572bn since the debt ceiling was lifted the other week....Debt levels will only go up and will never get paid back - ever.

5. The Dutch government is  shutting down the largest gas field in Europe by the 1st of October.....who needs those pesky hydrocarbons anyway!

ASX Market Update

ASX 200 up 75 points to 7251

We had a strong session on our market with most sectors finishing in the GREEN - a positive lead from Wall Street gave sentiment a boost......COAL stocks were among the most sought after: WHC put on 8.27%,  SMR rallied 7.1% and NHC added 3.5% - Let's GO!!!

Random Observation

Got URANIUM??...Huge start to the year. 

The Day Ahead

  • Our SPI is down 3 points
  • Bitcoin up 0.5% to $26,478 (Sunday morning price)

Movements affecting our resource stocks today (USD)

  • BHP in the US down 1.2%
  • Newmont up 2.65%
  • Gold FLAT @ $1970
  • Paper Silver up 1.3% to $24.27
  • Platinum down 0.45% to $987
  • Copper down 0.55% to $3.87
  • Brent Crude up 1% to $76.61

Asian Market Update

Japan up 0.66%, China put on 0.63% and Hong Kong added 1%

The agreements are coming thick and fast now....Problem is - how are they going to trust each others FIAT currencies?....A new financial system HAS to be backed by GOLD and other hard commodities.

Would you want to own any of these FIAT currencies?.... NO WAY, JOSE'

Global Market Update

US Market

DOW down 108 to 34,299

A little bit of profit taking came through on Friday night....US NATIONAL Debt hit $32 Trillion - man oh man, is she is flying or what!!

European Markets

Brits added 0.19%, Germans put on 0.41% and Frenchies added 1.34%

Western large cap listed defence companies won't mind this one bit as orders for replacement weapons and tanks will continue flowing....WAR = $BIG FAT PROFIT$.

 

Key Market Summary

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