The latest market news, commentary and strategy by Adrian Rowney
5 Things that Grabbed my Attention
1. The situation in PERU has grown more violent.....PERU's SILVER production is going to take a hit as mines shut....Crazy overnight that on the back of this news the BULLION BANKS shorted the living daylights out of SILVER - it was down 5% at one stage before recovering a bit....We are on the verge of a major SILVER SHORTAGE which will send prices skyrocketing.
Peru 👀👀 pic.twitter.com/oPGS7Aq7DN
— nikola 3 (@ronin19217435) January 23, 2023
2. RXM is sitting on one of Australia's largest undeveloped copper deposits; when copper prices properly takeoff so should this. SPECULATIVE BUY last sale $0.26....I could easily see RXM trade well north of $1; heck - during the last copper boom back in 2011 it hit $3.00!
3. Canada has now banned foreigners from buying residential property for the next two years.
4. The Winkelvoss twins crypto business filed for bankruptcy....they were running a SCAM from the start; transfer over your crypto to them and get 8% pa for doing nothing. YEAH RIGHT....Crypto world is still the equivalent of the WILD, WILD WEST.
5. Another 2,171 advisers resigned and dropped off the Financial Adviser Register (FAR) last year...The GOVERNMENT has seriously decimated our industry as they bury us under their ridiculously expensive compliance regime.
ASX Market Update
ASX 200 up 5 points to 7457
Not a whole lot of action on our market. We had a mixed bag in resources - lithium plays rallied again, while the iron ore miners dipped....Aussie Tech shares were well supported following on from the strong NASDAQ session; the XIJ (measure of our ASX TECH majors) put on 1.3%.
The Day Ahead
- Our SPI is up 4 points
- Bitcoin up 0.2% to $22,841
Movements affecting our resource stocks today (USD)
- BHP in the US down 0.12%
- Gold up 0.2% to $1932
- Paper Silver up down 1.7% to $23.52
- Copper up 0.14% to $4.25
- Brent Crude up 0.58% to $88.13
- $A buys 70.27 US cents
Asian Market Update
China and Hong Kong SHUT, Japan up 1.13%
Hong Kong will be back trading on the 26th of Jan...
Global Market Update
DOW up 254 points to 33,629
Pfizer and Moderna are screwed - AVOID these shares....ELON has fully opened the information flood gates.
Thousands of Doctors and other health experts are now coming forward with the truth....Vaxx injured need to speak up - those responsible for your suffering need to be accountable....I stand by my call that MODERNA is going to ZERO. This is the greatest medical scandal in all of human history.
FTSE up 0.18%, DAX added 0.46% and CAC put on 0.52%
Hard to know how VLAD is going to survive the brutal sanctions imposed on his country...LOL!!
Key Market Summary