The Good Morning Report

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. HUGE NEWS - CHILE is NATIONALIZING LITHIUM MINES sending shares of Albemarle and SQM tanking in offshore trade...Mexico has already nationalized - Argentina could be next, so everyone in Alkem (AKE) needs to take profits (it's been a massive winner) and move it over to Aussie producers such as PLS,IGO,MIN & CXO.

2. Another 3 million ounces of SILVER was drained from the registered COMEX vaults - only 30 million ounces remain, yet the open interest COMEX futures amounts to 159K contracts which is the equivalent of 795 million ounces (5000 ounces per contract)....LET's GO SILVERSQUEEZE!!!

3. Whitehaven (WHC) ended the quarter with a whopping $2.7bn in cash and management believe the price of THERMAL COAL will be well supported through 2023.....I think the stock is headed back above $10...BUY.

4. According to Business Insider, the USD accounted for 66% of total global reserves in 2003, 55% in 2020 and 47% in 2020....this trend is going to continue. Got GOLD, got SILVER, got PLATINUM???

5. Despite a 37% fall in Bank of Queensland (BOQ) shares over the past 18 months, I still rate the stock and all FINANCIALS as an AVOID.

ASX Market Update

ASX 200 down 31 points to 7330

We ended the week in the RED with banks and large cap resources selling off. But on the positive - two of my favourites being Lynas (LYC) and Whitehaven (WHC) rallied 4.75% and 5.88% respectively after releasing quarterly updates.

Random Observation

Great chart from KATUSA research....Most investors are clueless about the opportunity; I think we are headed for some MAJOR outperformance.....Bring it on!

The Day Ahead

  • Our SPI is down 7 points
  • Bitcoin down 3.4% to $27,235

Movements affecting our resource stocks today (USD)

  • BHP in the US down 3.2%
  • Gold down 1.24% to $1994
  • Paper Silver down 0.86% to $25.15
  • Platinum up 3% to $1141
  • Copper down 1% to $3.98
  • Brent Crude up 0.8% to $81.75
  • $A down 0.75% to 66.92 US cents

Asian Market Update

Iron Ore futures got a bit of a touchup on Friday...In an attempt to push prices lower, Chinese officials mandated an increase in domestic mining of the stuff. Problem is, the local iron ore is of crap quality which ends up creating much higher pollution when making steel. So they'll do it for a bit until the air quality gets unbearable in some of these industrial zones.

Global Market Update

US Market

DOW up 22 points to 33,808

Market participants are collectively acting like there is not a care in world! The VOLATILITY INDEX (VIX) which is also known as the FEAR index is down a whopping 40% over the past 12 months;

European Markets

Germans up 0.54%, Brits added 0.15% and Frenchies put on 0.51%

Inflation is out of control in the UK....It was reported that food prices are now up 19.2% over the past year.

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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