The Good Morning Report

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. Block shares tanked 15% after Hindenburg research accused the company of all sorts of fraud....Block took over AFTERPAY so the stock has a secondary listing on the ASX under the code SQ2. Good thing I have an AVOID rating on it.

2. Twiggy's $1.40 bid for Mincor (MCR) is really dead in the water with the stock currently at $1.55...Shareholders should HOLD

3. Lithium prices have now fallen 39 days in a row.

4. Bank of England increased interest rates by 0.25% to 4.25%.

5. World Platinum Investment Council is predicting PLATINUM deficits to increase over the coming years....I like the sound of that!!

ASX Market Update

ASX 200 down 47 points to 6968

GOLD, SILVER, PLATINUM,Gold miners, Woolies,Coles and Telstra were up while pretty much everything else was in the red...not surprised with that price action considering what is going on in the world.

Random Observation

@ 8.02% you would have to come up with just shy of $90K pa of after tax money!....Dear oh dear....No need to be invested in BANKS.

The Day Ahead

  • Our SPI is down 36 points
  • Bitcoin up 0.6% to $27,886

Movements affecting our resource stocks today (USD)

  • BHP in the US up 0.17%
  • Gold up 1.3% to $1996
  • Paper Silver up 0.43% to $23.06
  • Platinum up 0.2% to $989
  • Copper up 1.15% to $4.09
  • Brent Crude down 1.8% to $75.29
  • Iron ore down 1.9% to $118.05

Asian Market Update

Japan down 0.17%, China up 0.94% and Hong Kong rallied 2.34%

Lithium has fallen 39 trading days in a row!...Prices are still up there though.


Global Market Update

US Market

DOW up 75 points to 32,105

Block shares fell 16% on allegations of rampant fraud on the company's cash app... Executives including Jack Dorsey (founder of twitter) have recently dumped $1bn worth of stock.

"Hey guys, it was for your own safety that I censored the greatest experts/doctors the world had to offer at the time of the vaccine rollout."

Everybody owes their lives to Jack, so just be happy that he dumped a ton of BLOCK shares before the scandal erupted! He's a HERO OK... and definitely not a filthy little globalist scumbag grub that has enriched himself at our expense. Get that nonsense talk out of your heads!!

European Markets

Brits down 0.89%, Germans FLAT and Frenchies up 0.11%

Funny seeing Bank of England (BOE) say they are fighting inflation (which is running at 10.4%) by increasing rates 0.25% to just 4.25%....In reality the BOE is running an inflationary policy with rates still significantly below inflation.

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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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