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The Good Morning Report

Posted on July 25, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1.  My Introduction to the Stock Market course @ Southport Tafe starts this Thursday....Classes are from 6pm to 9pm every Thurs for 6 weeks.....I can promise you it won't be boring - these are HISTORIC TIMES!!

2. UK government has gone full Monty Python!!......Thanks to very generous subsidies, a stack of companies (including two from Australia) are building SOLAR FARMS in England despite the lack of sun.....SOLAR BOOM will trigger a SILVER BOOM.

3. SILVER has a very rich history....Check out today's Random Observation and JFK's Executive Order 11110.

4. French President Macron tried inviting himself to the BRICS meeting next month in South Africa - but was denied.....The heads of 70 nations will be attending..... Looks like the EAST is beginning to unite against the WEST.

5. South 32 (S32) has written down the value of its zinc/lead/silver project in the USA by a whopping $1.9bn...Management cited COVID, dewatering requirements and inflationary pressures.....Low base metal prices are making it just about impossible to get projects off the ground these days......The coming commodities BULL MARKET driven by lack of supply is going to be a beauty and will catch most by surprise.

ASX Market Update

ASX 200 7 points to 7306

Core Lithium (CXO) got whacked by 17% to 72c after warning lithium recovery rates from its new mine are going to be lower than expected out to 2025. The LITHIUM price tanking about 25% over the past few trading sessions in China hasn't helped as well.....I initially recommended the stock @ 95c, so it's underwater - but I don't think it's time to hit the eject button. The company will still make plenty of dough and has finished the quarter with $152 mil in the bank and NO debt. BUY

CXO's lithium mine in the NT.

Random Observation

Hearing RFK Jr talking about SILVER the other day triggered my memory bank into to thinking about JFK's Executive Order 11110....Here it is:

So what was JFK's intentions for SILVER? Here is a likely explanation....

JFK was assassinated in November 1963 and no President since, has dared to take on the FEDERAL RESERVE.

The Day Ahead

  • Our SPI is up 45 points
  • Bitcoin down 3.8% to $29,090

Movements affecting our resource stocks today (USD)

  • BHP in the US up 1.2%
  • Newmont FLAT
  • Gold down 0.5% to $1956
  • Paper Silver down 1.4% to $25.50
  • Platinum down 0.3% to $968
  • Copper up 0.7% to $3.84
  • Brent Crude up 2.26% to $82.90
  • Iron ore down 1.3% to $112.50

Asian Market Update

Japan up 1.23%, Hong Kong down 2.13% and China dipped 0.11%

This is an absolutely insane decision from the Modi government - one of the worst I have seen....India desperately needs this kind of foreign investment to progress it's economy - BYD was coming with their IP and capital!

 

###Want the obvious truth of the matter?....Tata has 90% of the EV market in India, so would have paid off the right people to stop a serious competitor entering - India misses out on the jobs, skills and all important IP as a result....Disgrace.

Global Market Update

US Market

DOW up 191 points to 35,590

The DOW rose for the 11th straight session which CNBC pointed out was the longest winning streak in 6 years....The gains overnight were on the back of energy stocks as OIL prices hit a 3 month high.

European Markets

Germans and Frenchies were FLAT, Brits up 0.19%

There is no side that I'm cheering for....Every government is on the same agenda - to control the people via CBDCs....The proletariat won't understand the consequences until it is too late.

Key Market Summary

General Advice Warning
The information provided in this post is general information only. Unless otherwise stated the information is not designed for the purpose of providing personal, financial or investment advice. Any examples are presented for illustration purposes and past performance is not a reliable indicator of future performance. The information provided does not take into account your particular investment objectives, financial situation or investment needs.

Without limiting the generality of the above paragraph no person, persons or organisation should invest monies or take action on the reliance of the material contained in this post, but instead should satisfy themselves independently (whether by expert advice or otherwise) of the appropriateness of any such action. Unless otherwise stated the information presented is not a recommendation to invest in any investments, securities or financial products.

This service, like all other financial services, is subject to market forces and unpredictable events that may adversely affect its future performance. Whilst all care has been taken in compiling information in this post, and is provided in good faith, it is not to be relied upon as a substitute for professional advice. The views expressed are commentary only and the writer accepts no responsibility for the accuracy, completeness or timeliness of the information.

Super Equity Pty Ltd ACN 609 373 202 is a Corporate Authorised Representative 001238425 of ANDIKA Pty Ltd AFSL 297069. It should also be noted that references and hyperlinks to any third party information (including, but not limited to: news articles, blogs, reports, videos or other mediums of information) is not an endorsement of that party or product.

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Stephen Hall
Stephen Hall
September 21, 2023.
Tracy & Adrian's knowledge/experience with financial markets, greater global & domestic political/economic impacts & individual companies/stocks is not just unique & refreshing, but also gives great peace of mind. Having a team this capable taking care of your hard earned to help avoid knowable negative impacts, and/or take advantage of opportunities well ahead of time is like nothing I've experienced before. Could not recommend highly enough. Subscribe to Adrian's newsletter too if you want a no B.S. commentary that is unlike the sanitised drivel coming from mainstream financial reporting.
jeff allott
jeff allott
June 22, 2023.
Sound knowledgeable and friendly service with advise tailored to my requirements
Natalie Gaby
Natalie Gaby
January 12, 2023.
I highly recommend Super Equity to anyone needing assistance or guidance with their Super. Tracy was very thorough and clearly explained how Super works and why she made particular recommendations for us. Her (and the team's) customer service is outstanding with being very personalised, and we look forward to a long working relationship with them.
Charlie Gimblett
Charlie Gimblett
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
Leigh P
Leigh P
April 29, 2022.
Tracy has been a pleasure to deal with. Found her very approachable and patient. She is very knowledgeable in super funds and I would highly recommend her to anyone who needs more education on how to make their super work for them.
Lena Diez
Lena Diez
February 25, 2022.
My husband and I have had the privilege of receiving the guidance, services and support from Tracy for over 5 years. Having joined Super Equity has been one of the best financial decisions we have made to date. Tracy's extensive experience and knowledge has guided and helped us improve in our financial journey. No question is to silly, Tracy is always available for any query you have and gives us the time to explain our portfolio and investments. Receiving the daily morning reports has been helpful to understand and learn the market. We have always highly recommended and will not hesitate to recommend Tracy and team for any and all financial guidance. Thank you Tracy and look forward to your continual support.
Tessa Daal
Tessa Daal
October 13, 2016.
Tracy has been an amazing teacher. I have gone from having no idea about what my super was doing and feeling really overwhelmed by the thought of all that it involved, to now being in control and understanding. Through super equity's I have a transparent, easy to understand managed fund. Tracy has even put me into contact with advisors specialised in life insurance and income protection. I cannot thank Tracy enough for empowering me and helping me organise all my affairs. If you need someone patient an knowledgeable to organise your super and investment portfolio, Tracy is the best!!
Dianne Bentley
Dianne Bentley
July 8, 2016.
The service and support received from Super Equity has reached and surpassed all our expectations. Having previous experience with stock brokering firms over an 11 year period has highlighted to me how superior the service and support received from Tracy Askew at Super Equity is. For myself and for my clients. Tracy's in depth fundamental and technical knowledge in all areas of the market reduces many hours of my time in the research needed to be successful and profitable for myself and my clients.