The Good Morning Report – 28th of March 2024

1. HSBC launched a tokenized 1:1 with physical GOLD on the blockchain – the first bank to do it…..They are going to cash in on the GOLD rush sweeping across Asia. SMART play.

2. Mineral Resources (MIN) is going to be auctioning off its LITHIUM on a digital platform as it seek real price transparency….Hello PLATINUM, PALLADIUM & SILVER miners – anyone home?? Wakey Wakey!

3. Shares of Trump’s social media company (DJT ticker) have sky rocketed. It’s now listed on the NASDAQ and has become the latest meme stock.

4. I keep hearing from all sorts of financial commentators on how Australia should cut this so and so tax, but increase this one etc, etc….I’m sick of that nonsense talk – we should be discussing the urgent need to cull the government and taking a chainsaw to every tax levied on us….Remember, after Elon Musk bought Twitter he sacked 80% of employees and now it works far better…..Small government is the only solution.

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5. Vietnam have doubled their COAL imports over the year as the nation tries to provide reliable energy for it’s growing manufacturing base….Demand for COAL will continue to rise.

ASX 200 down 31 points to 7780

Industrials drove the market higher with both Brambles (BXB) and Downer (DOW) both putting on around 3%. Karoon (KAR) carried on it’s positive momentum from the previous session and added another 2.86% to $2.16…. I was a little surprised that our COAL miners didn’t charge higher with that major export terminal in the US now cut off. WHC only added 2.28%, NHC increased 2.5% however YAL fell 0.5%.

The below COPPER chart is doing the rounds again….The best and safest way to play the COPPER story from here is via the WIRE ETF.…I used to bang on hard about Sandfire (SFR) when it was below $4 but it has since more than doubled and with just 2 mines in it’s portfolio (one in Africa and one in Spain) the risks are now far higher than WIRE which owns a diversified portfolio of COPPER miners.

  • SPI is up 30 points
  • Bitcoin down 1.7% to $68,689
  • BHP in US up 1.4%
  • Newmont in US up 2.84%
  • RIO in London up 1.8%

Movements affecting our resource stocks today (USD)

  • Gold up 0.57% to $2211
  • Paper Silver up 0.39% to $24.72
  • Platinum down 1.2% to $909
  • Palladium down 1.2% to $991
  • Copper FLAT @ $4.00
  • Brent Crude FLAT @ $86.26
  • Iron ore down 2.9% to $101.15

Japan up 0.9%, Hong Kong down 1.36%, China off 1.26%

Every fiat currency of earth will continue to trend lower Vs hard assets because fiat currency (created out of thin air by central banks) has an intrinsic value of zero. Some currencies will get to that end destination faster than others….In times of more rapid currency depreciation, people will initially think they are getting richer without actually realizing their purchasing power is getting sucked away.

I think the Japanese, who are mega savers, are going to be in for a mighty shock. I still predict a full blown currency crisis is coming for the YEN which will send shockwaves across global markets.

Tracy@SuperEquity went to the Bank of Japan Otaru Museum when she was recently there. She bought me back a flyer to read…..I highly doubt the Japanese public properly understand the history of their money because if they did we would surely be seeing them rush into GOLD & SILVER right now.

DOW up 477 points to 39,760

Many people infected with Trump Derangement Syndrome would be losing their minds as his social media stock goes gangbusters. Trump owns 58% of DJT meaning his stake is now worth a cool $5.3bn….With very little in the way of earnings, I wouldn’t go anywhere near the stock but in these crazy markets that doesn’t mean it can’t go significantly higher! Remember GAMESTOP?

Trump Derangement Syndrome (TDS) is a real mental illness. Millions of Aussies are infected by it as well. Teachers, mainstream media personalities, university lecturers, politicians, corporate executives and even psychologists are SUPER SPREADERS. There is no known cure and symptoms are set to flare up as we head towards the November Presidential election.

GERMANS up 0.5%, Brits FLAT, Frogs put on 0.25%

Russia’s Federal Security Services boss has declared UK, US and the Ukraine of being behind the terrorist attack on it’s soil….Energy and metals markets are treating it as a nothing burger – I certainly don’t and maintain my very BULLISH view on key commodities that come out of Russia such as OIL,GAS,COAL, URANIUM, ALUMINUM & PALLADIUM.


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