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The Good Morning Report

Posted on January 23, 2023

The latest market news, commentary and strategy by Adrian Rowney 

(Now you know how they work out your RATES bill - BASTARDS!!)

5 Things that Grabbed my Attention

1. Alphabet (Google parent) announced it is sacking 12,000 people which is 6% of its workforce.

2. At the height of the GREATEST BOND market BUBBLE of ALL TIME (peaked in the back half of 2020), there was over $18 Trillion worth of negative yielding bonds....Imagine paying for the privilege of investing in a bond - PURE MADNESS....There was a reason I used put out daily warnings; those that lost big money only have themselves to blame - the stupidity of the situation was off the Richter Scale. 

3. TETHER is a US$66bn stable coin...it is a SCAM and will blow up one day. Careful out there.

4. Based on current earnings - AWC looks very expensive, however once the alumina price surges it'll be a whole different story. BUY

5. YanCoal (YAL) increased its cash balance by $1.5bn over the past 3 months....the money these guys are making is insane! BUY

ASX Market Update

ASX 200 up 16 points to 7452

YanCoal (YAL) rallied 4.7% after releasing its quarterly report...Production came in way lower than expected (down 20% compared to last year) - mostly due to the floods and covid nonsense - but sales revenue more than compensated for that. They added a whopping $1.5bn to the kitty over the past 3 months alone....With the price of coal trading where it is, YAL is the cheapest large cap stock on the market....I am not going to tell you what price I think it will hit, however it is up there! I maintain my BUY.

Yo Floyd my main man, I know you love countin' that money...well YanCoal is looking for highly experience money counters. Keen bro or what?

Random Observation

SOLAR BOOM = SILVER BOOM

The Day Ahead

  • Our SPI is up 30 points
  • Bitcoin up 3% to $22,778 (Sunday morning price)

Movements affecting our resource stocks today (USD)

  • BHP in the US up 0.84%
  • Gold up 0.2% to $1927
  • Paper Silver up 0.8% to $24.06
  • Copper up 1.13% to $4.27
  • Brent Crude up 1.5% to $87.63
  • $A up 0.82%, now buys 69.66 US cents

Asian Market Update

China up 0.76%, Hong Kong up 1.8% and Japan added 0.56%

Japan's inflation rate has pushed up to 4% which is the highest since 1981....with the ongoing money printing and interest rates @ negative 0.1%,  I can only see inflation continue to rise. Japan is headed for some serious economic pain - investors only hope is selling YEN and switching to PRECIOUS METALS.

Global Market Update

US Market

DOW rallied 330 points to 33,375

Tech stocks rallied hard on Friday....NETFLIX put on 8.4% after signing up more customers than what analyst were expecting and Alphabet (Google parent) rallied 5.4% after announcing they are sacking 12,000 workers.

European Markets

FTSE up 0.3%, DAX put on 0.76%, CAC added 0.63%

Year of the strike, as workers get screwed over by Central Bank induced inflation.

Key Market Summary

General Advice Warning
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