The Good Morning Report

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. FED increased interest rates by 0.25%.....DOW down 530 points or 1.63% while GOLD added 1.5% and SILVER put on 2.74%...GIDDY UP!!! Just the price action we want.

2. Vanguard which is the second biggest fund manager in the world behind Blackrock, is pulling out of China....Wonder what's gone down??

3. Vlad wants to do all trade with ASIA, AFRICA and LATIN AMERICA in CHINESE YUAN....These are historic moments.

4. Auto giant, VW is looking to invest in mining companies to secure supplies of key commodities.

5. After the decent price fall, I am upgrading my recommendation on Lynas (LYC) from HOLD to BUY - last sale $6.50.....LYC is a globally significant producer of rare earths - a very unique and strategic company.

ASX Market Update

ASX 200 up 60 points to 7015

Our banks didn't rally hard like their offshore piers as it looks like Aussie investors are not confident that the international banking crisis has magically come to an end. NAB up 0.14%, BEN down 0.3% and ANZ put on 0.44%....The best gains of the day came in energy plays; NHC added another 5% - which represented good continuation buying after its strong update on Tuesday, WDS rallied 5.2% and STO added 3.25%.

Random Observation

When will the precious metals miners wake up and say:  "You know what, these mongrel bankers have been having a lend of us".....

The Day Ahead

  • Our SPI is down 52 points
  • Bitcoin down 3% to $27,393

Movements affecting our resource stocks today (USD)

  • BHP in the US down 1.15%
  • Gold up 1.5% to $1971
  • Paper Silver up 2.83% to $23.06
  • Platinum up 1.3% to $989
  • Copper up 1% to $4.03
  • Brent Crude up 0.64% to $75.80
  • Iron ore down 0.3% to $127.13

Asian Market Update

Hong Kong up 1.73%, China added 0.31%, Japan rallied 1.93%

Xi Man is on his way home....This final exchange between the two leaders is historic as the world moves towards a multi polar system....With the USD under an increasing threat, we could easily see Washington lash out like a wounded beast; WW3 has never been closer and the scary part is -
ALBO will send thousands of young Aussies off to their sure death without even flinching.

Global Market Update

US Market

DOW down 530 points to 32,030

Market was not overly thrilled with the 0.25% rate hike out of the FED....Interest rates are now the highest since 2007.

European Markets

Germans up 0.14%, Brits added 0.41% and Frenchies put on 0.26%

STAGFLATION is smashing the average Pom.

Core CPI is total BS....without FOOD and ENERGY we are dead....Don't be one of those people who talks Core CPI because you will look like an absolute privileged twat to anyone paying attention to reality.

Key Market Summary

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Stephen Hall
Stephen Hall
September 21, 2023.
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June 22, 2023.
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January 12, 2023.
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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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October 13, 2016.
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