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The Good Morning Report

Posted on April 21, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. Silver Institute has reported the SILVER deficit last year amounted to a record 238 million ounces!....Let's go SILVERSQUEEZE!! BUY

2. Complete grid collapse in South Africa would see a plunge in PLATINUM production. South Africa is responsible for around 75% of the world's supply - so it's serious....BUY PHYSCIAL BACKED PLATINUM ETF.

3. Jim Chalmers wants to fix the RBA by creating a second board of directors to oversea the original board.....Typical government behavior - create a crisis, then come back with the solution of throwing more government at it....One thing Chalmers definitely exceeds at is wasting our money.

4. I hate to say this, but excess deaths don't look like reverting back to the mean....UK excess deaths rose 21% above the 5 year average in March.....Propel Funeral Partners (PFP) is the one to go for now as the easy money has been made on Invocare (thanks to the TPG takeover bid).

5. Credit card giant, American Express reported record revenue as spending on travel and entertainment surged a whopping 39% last quarter.....I can't see people digging themselves out of the debt hole they are in - it's going to end in tears.

ASX Market Update

ASX 200 down 3 points to 7362

Financials rallied 1.2%  while materials fell 2% as traders took profits on miners and moved into banks. (I wouldn't be doing that trade)...BHP fell 2.5%, RIO lost 2.3% while NAB added 1.7% and CBA put on 1.5%.

Random Observation

Here is the latest data on SILVER. In 2022 we saw supply of around 1.004 billion oz with demand shooting up to 1.242 bn oz leaving a deficit of 238 million oz.

This was the highest DEMAND ever for SILVER, yet the price fell 13% - so how did SILVER not skyrocket???...The only explanation is BULLION BANKS shorting and churning SILVER FUTURES in conjunction with mining executives being too stupid to realize they are getting ripped off.

Anyway - thanks to this blatant manipulation we get to buy SILVER at bargain prices!....KEEP ACCUMULATING in your Super!!!

#S32,NCM,EVN,SFR,OZL executives selling SILVER instead of withholding for future higher prices, proves they have no idea about the fundamentals of the market. The banker scumbags have successfully brainwashed them....Last year I tuned into an invite only webinar on the SILVER market hosted by the head of PRECIOUS METALS research @ JP MORGAN. All I got was an hour of pure propaganda and the bloke concluded SILVER was worth $18 an ounce (below production costs!)....Unsurprisingly my questions were ignored.

The Day Ahead

  • Our SPI is down 37 points
  • Bitcoin down 3.8% to $28,177

Movements affecting our resource stocks today (USD)

  • BHP in the US down 3.2%
  • Gold up 0.43% to $2015
  • Paper Silver down 0.12% to $25.33
  • Platinum up 0.31% to $1109
  • Copper down 1.59% to $4.01
  • Brent Crude down 2.74% to $80.84
  • Iron ore down 1.9% to $115.10

Asian Market Update

Japan up 0.18%, Hong Kong added 0.14% and China was FLAT

Looks like the EV makers are squeezing each other as competition heats up....There WILL be casualties.

Global Market Update

US Market

DOW down 110 points to 33,786

Tesla shares fell 9.76% as Elon Musk painted an uncertain macroeconomic environment that could dent demand for his EVs.

European Markets

Germans down 0.62%, Brits FLAT and Frenchies dipped 0.14%

As the GREAT RESET takes hold the anger will grow....

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
Stephen Hall
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
Natalie Gaby
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.
Charlie Gimblett
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
Leigh P
Leigh P
April 29, 2022.
Tracy has been a pleasure to deal with. Found her very approachable and patient. She is very knowledgeable in super funds and I would highly recommend her to anyone who needs more education on how to make their super work for them.
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Lena Diez
February 25, 2022.
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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Tessa Daal
October 13, 2016.
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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July 8, 2016.
The service and support received from Super Equity has reached and surpassed all our expectations. Having previous experience with stock brokering firms over an 11 year period has highlighted to me how superior the service and support received from Tracy Askew at Super Equity is. For myself and for my clients. Tracy's in depth fundamental and technical knowledge in all areas of the market reduces many hours of my time in the research needed to be successful and profitable for myself and my clients.