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The Good Morning Report – 27th October

Posted on October 27, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1.  PMGOLD made a fresh record high - go you good thing!!!...And guess what? I think there is oodles more upside, so those with no exposure haven't missed the boat (it's still tied up in the harbour along with SILVER & PLATINUM).

2. Considering GOLD has never failed as a store of wealth in all of human history, it's APPALLING that most Aussies can't nominate a certain percentage of their SUPER they want to chuck in it. @SuperEquity we definitely give you that option.  To find out more click here.

3. Quote from the Aramco CEO (giant Saudi OIL company) "the  reality  we  are  seeing  today  is  that  [oil]  demand  growth  is  still  significant."....No need to overthink this friends - WDS, STO & BPT are must haves.

4. Star Group (SGR) is now trading below it's heavily dilutive, capital raise price of 60c.....What a train wreck. So glad I've had a long standing AVOID on it.

5. One little bugger that I didn't AVOID has been Alumina (AWC) - but I could see ALUMINUM prices stage a huge comeback so I'm not giving up on the stock. BUY last sale $0.77

ASX Market Update

ASX 200 down 42 points to 6812

I could seriously get used to trading sessions like that one - the market was selling off, while we were going up!! Our BIG 3 PRECIOUS METAL ETFs were doing the business - PMGOLD added 2.56% ETPMAG put on 1.8% and ETPMPT rallied 2.9%.

If the WESTERN world is entering an era of economic STAGFLATION then PRECIOUS METALS will be where it's at.

Random Observation

I kid you not, the RESOURCE WARS are going to get serious in the future. We are already seeing countries such as Indonesia, China, Myanmar, Malaysia and Russia place export restrictions on some critical metals. Therefore,  I have added the BETA SHARES XMET ETF to my little black book of BUYS.... The fund is made up of a diversified portfolio of high quality producers of all sorts of goodies:

Just two of the top 10 holdings are listed on  the ASX, so you get exposures to miners on different exchanges that would normally be a bit of a hassle picking up (I don't run a night desk: sorry!)

And another good thing about XMET - it is currently trading around it's 52 week low - down 20%. BUY last $7.17

The Day Ahead

  • Our SPI is up 10 points
  • Bitcoin down 2% to $33,995

Movements affecting our resource stocks today (USD)

  • BHP in the US up 0.09%
  • Newmont up 1.96%
  • Gold FLAT @ $1995
  • Paper Silver down 0.2% to $22.94
  • Platinum down 0.1% to $9.11
  • Copper up 0.11% to $3.59
  • Brent Crude down 1.9% to $88.41
  • Iron ore down 0.8% to $116.30

Asian Market Update

Japan down 2.14%, China up 0.48% and Hong Kong off 0.24%

Bit of corporate action in the world of EVs....

For those that don't know - Stellantis is the owner of these car companies:

Global Market Update

US Market

DOW down 251 points to 32,784

The NASDAQ is officially in the 'correction' zone as it has now fallen 10% from its July high. Earnings from some of the TECH behemoths haven't lived up to expectations.

European Markets

Germans off 1%, Brits down 0.8% and Frenchies fell 0.38%

Chris Bowen is going full steam ahead with these useless wind turbines in Australia....GREEN = SCAM = AVOID

The brainwashing from the establishment is so extreme that kids actually think these environmentally intrusive things are saving the planet.

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!!
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Dianne Bentley
July 8, 2016.
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