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The Good Morning Report

Posted on July 21, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. GOLD in Chinese YUAN just hit an all time record high.

2. RFK Jr is running for US President...In Random Observation watch the clip of a key financial policy he wants to implement....I'd certainly vote for him if I was a Yank!!

3. Rio Tinto (RIO) cut production guidance for copper and aluminum....there is already bugger all supplies, so surely higher prices are coming which will more than offset lower volumes....BUY

4. Workers at Newmont's massive SILVER mine in Mexico are still on strike.....The overall SILVER deficit this year will be the largest EVER by a country mile and prices are still 50% below the all time high!!

5. Shipping costs from Shanghai to LA just popped 26%....pricing stability looks set to become a thing of fiction!

ASX Market Update

ASX 200 closed FLAT @ 7325

Aussie stocks gave up  earlier gains after the strong JOBS report had traders stressing out that another rate rise is coming next month.

We are now seeing the quarterly production reports come through from the miners. Stanmore (SMR) announced it is traveling along nicely with net cash on the balance sheet of $70 mil...SMR closed 5.8% higher to $2.73 BUY

Random Observation

Watch this clip from RFK Jr who is campaigning to become the next US President....Got GOLD?.... Got SILVER?.... Got PLATINUM?....as for Bitcoin - well that's up to you as I have no idea where it is headed. I wouldn't be surprised if it hit $100K, just like I wouldn't be surprised if it traded at $5K!

Next week I will show you JFK's executive order which would've stripped power from the FEDERAL RESERVE by using SILVER....Some say this led to his assassination in 1963.

The Day Ahead

#Newmont posted earnings that MISSED expectations due to rising costs and weaker output, thus the stock fell 5.8% on Wall Street....Likely to see Newcrest (NCM) also dip today as the companies are basically one in the same now that they have agreed to merge. I maintain my BUY on NCM.

  • Our SPI is up 7 points
  • Bitcoin down 1.2% to $29,698

Movements affecting our resource stocks today (USD)

  • BHP in the US up 0.5%
  • Newmont down 5.8%
  • Gold down 0.38% to $1973
  • Paper Silver down 1.7% to $29.94
  • Platinum down 2% to $964
  • Copper up 0.34% to $3.82
  • Brent Crude up 0.24% to $79.65
  • Iron ore up 2% to $115.20

Asian Market Update

Japan down 1.23%, Hong Kong off 0.13% and China fell 0.92%

APPLE shares are trading around a record high despite suppliers posting warnings like this....

Global Market Update

US Market

DOW up 163 points to 35,225

Tesla shares fell 9.2% after Elon said his company would slow EV production during the third quarter as they need to make factory improvements.

European Markets

Brits up 0.76%, Germans added 0.59% and Frenchies put on 0.79%

Fake news wants you to hate Vlad for a recent surge in Wheat prices.....

Sure, wheat futures have pushed about 15% higher this week....but prices are still about 43% lower than the peak hit in June last year....Fact is WHEAT is still extremely cheap when you consider the monetary debasement carried out by central bankers.

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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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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