The Good Morning Report

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. Newmont just declared force majeure over SILVER deliveries from its giant mine in Mexico....SILVER's fundamentals are sensational with falling supply and surging demand.

2. US regional banks are sliding again....these banks are loaded to the gills with commercial real estate exposure that is going pear shaped....I can't for the life of me see how a big crisis is avoided.

3. Just over 60% of available copper in LME warehouses is about to exit; only $246 mill worth or 30K tons remain....BUY WIRE

4. Winnebego which is listed in the US, reported a 52% decline in sales of its stowable RVs....the free spending party looks like its come to a grinding halt.

5. The Bill Gates backed Upside Foods just got approval to sell it's lab grown synthetic chicken meat......Full disclosure: I am an Anti-Lab Meater and have a BUY recommendation on Inghams (ING)!

ASX Market Update

ASX 200 down 96 points to 7099

Our market rolled over once again as investors start realizing economic conditions are deteriorating ....Unfortunately PRECIOUS METALS have also been dropping with this recent pullback so we haven't been able to buck the weaker trend - but on the brighter side - it's an opportunity to keep accumulating more cheap SILVER/PLATINUM in SUPER....none of us have enough exposure!!

Random Observation

Movie about the short squeeze in Gamestop....

The Day Ahead

  • Our SPI is down 14 points
  • Bitcoin up 1.5% to $30,662 (Saturday morning price)

Movements affecting our resource stocks today (USD)

  • BHP in the US down 2.6%
  • Newmont down 1.3%
  • Gold up 0.3% to $1930
  • Paper Silver FLAT @ $22.45
  • Platinum down 0.64% to $920
  • Copper down 2.13% to $3.80
  • Brent Crude FLAT @ $74.19
  • Iron ore down 0.2% to $110.25

Asian Market Update

Japan down 1.45%, China SHUT, Hong Kong dropped 1.7%

Property plays got touched up of Friday....

Global Market Update

US Market

DOW down 219 points to 33,727

We saw a little bit of profit taking on Wall Street....Not surprising considering the NASDAQ has been on an 8 week winning streak......US regional banks were SOLD off again - I think it is only a matter of time before these banks are back on the front pages; I bet my bottom dollar more blowups are coming.

European Markets

Brits down 0.54%, Germans off 1% and Frenchies fell 0.55%

Siemens Energy shares crashed 37% after announcing they found substantial failure rates of their wind turbines - with up to 30% being defective...and these guys are the second biggest player in the world!.....GREEN = SCAM = AVOID.

Check out the size of this crap that ends up in land fill....Even Blind Freddy could see there is nothing environmentally friendly about these monstrosities, but with the GLOBALISTS firmly in control of the world, we have little hope of stopping the rot.

Key Market Summary

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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.
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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.