The Good Morning Report – 4th of July

1. I was pretty amazed to see Chalice (CHN) get slammed 19% after singing a memorandum of understanding with Mitsubishi to investigate a potential hook up….Problem was, the market wanted a formal deal with cash money on the spot. I maintain my BUY as I’m super bullish on PLATINUM and PALLADIUM. Last sale $1.22

2. Silver back over US$30. A sharp run up to $50 is definitely not out of the question by years end….BUY ETPMAG

3. Retail sales in Australia increased 0.6% in May but there is nothing to celebrate as the rise was driven by discounts therefore profit margins at retailers would be suffering. I maintain my AVOID on the sector.

4. Woodside (WDS), Santos (STO), Beach (BPT) and Karoon (KAR) should be banking some solid cash at the moment considering the recent rally in OIL.…All 4 stocks are CHEAP.

5. The Houthis say they plan on sinking the USS Theodore Roosevelt aircraft carrier when it arrives in the Red Sea…Inflationary pressures are going to build as this key shipping channel is not opening anytime soon.

ASX 200 up 21 points to 7739

It was an absolute manic session for Chalice Mining (CHN) – initially the stock rallied 8% to $1.64 before tanking to close down 19% to $1.22. Seriously WTF!!!…Sure it would be nice for CHN to get a big fat, welcome aboard check from Mitsubishi, but they want to have a good look at the project before getting more serious.

At the end of the day, the fact that an industrial giant like Mitsubishi may get involved should be bullish …..CHN‘s unique deposit of palladium/platinum/nickel/copper/ cobalt is a real humdinger and just 70 clicks from Perth! BUY last sale $1.22

Tucker has been touring around Australia dropping truth bombs….

Here is his full speech; every Aussie should listen to it:

After watching, I hope you realize just how dishonest our politicians and mainstream media are….I maintain AVOID rating on Nine (NEC) and Seven (SWM) shares.

Overnight scoreboard looking sensational for us today!!!

  • ASX futures up 71 points
  • Bitcoin down 3.7% to $59,632
  • BHP in US up 3.1%
  • Newmont in US up 4.17% (Train is leaving the station!!)
  • URNM in US up 3%

Movements affecting our resource stocks today (USD)

  • Gold up 1.32% to $2364
  • Paper Silver up 3.8% to $30.78 (When does the lid blow off the pressure cooker?)
  • Platinum up 0.3% to $1012
  • Palladium up 1% to $1032
  • Copper up 2.46% to $4.52
  • Brent Crude up 1% to $87.10 (Our oil stocks are so CHEAP)
  • Iron ore up 3.1% to $113

Japan up 1.26%, China off 0.49%, Hong Kong added 1.18%

GOLD buying is not stopping….

DOW down 23 points to 39,308

It was only a half day of trade on Wall Street as the Yanks prepare to celebrate the 4th of July….Big TECH was once again strong with the NASDAQ closing at a record high.

Germans up 1.16%, Brits added 0.61%, Frenchies added 1.24%

The Brits are about to elect Keir Starmer as their new Prime Minister. He openly admits that his allegiance lies with Davos elites (World Economic Forum)…..The economic situation for middle class in the UK is going to deteriorate as the wealth will continue to get sucked up to the 1%. Nothing good is coming with a Starmer victory – only more inflation.

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July 9, 2024.
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