The Good Morning Report – 4th of April

1. POTENTIAL BLACK SWAN EVENT not being discussed: An all out war with IRAN could lead to the Strait of Hormuz to being shut off (see random observation)…..OIL prices would skyrocket. Got energy stocks?

2. Got COPPER?….Nice move overnight.

3. 1 in 3 jobs created in Australia was due to the government bankrolled NDIS….Our economy is starting to reek of socialism as it looks like AirBus Albo and his GOONS want to turn us into Argentina.

4. Regis Resources (RRL) fell 3.97% after announcing a giant cost blowout of its proposed GOLD mine in NSW….I’m keeping a BUY on the stock because it’s existing production and very healthy margins easily justify the current share price.

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5. The cashed up Arabs are hunting down opportunities to invest in GOLD miners. Regis (RRL) could easily be on their target list and they’ll definitely be buying a big rip of Newmont (NEM).

ASX 200 down 105 points to 7782

How good was that session – the market copping a decent touchup while our old mate ETPMAG did the business putting on 3.5% to close at a 3 year high. GO SILVER!!!

Strait of Hormuz Potential BLACK SWAN EVENT
This 21 miles of water is one of the most important on earth as over 30% of the world’s OIL or 20 million barrels flow through it each day (IEA). If it gets blocked due to a war with IRAN then OIL prices would skyrocket and you’ll be filling up for over $10/L if your servo doesn’t run out.

Also remember that we are currently governed in the WEST by a bunch of climate change lunatics/activists who have thrown all rational and scientific thought out the window. These people are actively trying to end all FOSSIL FUELS so don’t discount the fact that they may be gunning for a WAR with IRAN to see their deranged fantasies come true.

The best and probably the safest way to get exposure is buying the ETF called FUEL. It owns a portfolio of the world’s largest OIL producers.

A couple of blown up OIL tankers on this tiny strip of water would plunge the entire world into absolute CHAOS. I kid you not – it is that easy.

  • SPI is up 29 points
  • Bitcoin down 0.3% to $65,858
  • BHP in US down 0.74%
  • Newmont in US up 1.27%
  • RIO in London down 0.95%

Movements affecting our resource stocks today (USD)

  • Gold up 1.5% to $2316
  • Paper Silver up 4.71% to $27.14
  • Platinum up 1.66% to $949
  • Palladium up 2.16% to $1026
  • Copper up 3.4% to $4.20
  • Brent Crude up 0.5% to $89.37
  • Iron ore down 3% to $98.55

Japan down 0.97%, Hong Kong off 1.22% and China down 0.18%

Markets rolled over in ASIA as a decent earthquake hit Taiwan….It looks like TSMC which is the world’s largest chip maker, got lucky…..

I’d be saying a few Hail Marys if this was me….

DOW down 43 points to 39,127

US Treasury Secretary and former Federal Reserve Chairman, Janet Yellen is set to visit China yet again….Last time all she got was a couple of bad prawns and came home sick!

“Now President Xi, I’m being truthful….Our treasuries are the finest PONZI scheme you’ll find on earth today. So can you please, please stop selling and start supporting us. Plus what is it with you and GOLD? And why are there reports of the peasants buying SILVER when our highly respected bullion banks are SHORT half a billion ounces on the COMEX and maybe a billion more on the OTC?”.

Germans up 0.46%, Brits FLAT and Frogs added 0.29%

GOLD accumulation is not stopping despite prices setting fresh highs.


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