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The Good Morning Report – 5th Sept

Posted on September 5, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. Cameco which is one of the world's largest miners of URANIUM announced a big production downgrade....This means the URANIUM market has just got even tighter! BUY URNM

2. DeBeers has cut the prices on some of it DIAMONDS by more than 40%....Punters have been turning to the cheaper lab grown stones.

3. RBA meets today...Market is not pricing in any chance of a rate hike.

4. AUD GOLD traded back above $3000 per ounce - it's record high hit back in May was $3112....It's inevitable that we will blaze past that high at some stage.

5. Ramsay (RHC) is now one of the largest and diverse healthcare companies in the world - currently employing 89K people across 10 countries and looking after millions of patients each year....BUY last sale $49.72

ASX Market Update

ASX 200 up 40 points to 7318

Fortescue (FMG) founder Twiggy Forrest gave a presentation last week in Perth - I cut a couple slides for you to see (the full presentation was released to the ASX - it has to be seen to be believed...).

I think this is the most insane ASX company presentation of all time....I prefer RIO&BHP over FMG for those wanting exposure to iron ore as Twiggy has completely lost his mind - so who knows what he is capable of.

Random Observation

17 Trillion Euro for Germany alone....hahaha...CLOWN WORLD!!...AVOID BONDS

The Day Ahead

  • Our SPI is down 31 points
  • Bitcoin down 3% to $26,327

Movements affecting our resource stocks today (USD)

  • BHP in the US - shut
  • Newmont - shut
  • Gold down 0.27% to $1963
  • Paper Silver down 0.76% to $23.98
  • Platinum down 0.65% to $953
  • Copper down 0.5% to $3.79
  • Brent Crude up 1.3% to $89.73
  • Iron ore up 0.5% to $114.60

Asian Market Update

Japan up 0.7%, Hong Kong put on 2.5% and China rallied 1.4%

Bargain hunters coming in for Chinese property developers...

 

Global Market Update

US Market

SHUT for Labor Day

European Markets

Germans down 0.1%, Brits off 0.16%, Frenchies dipped 0.25%

Winter is coming....

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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June 22, 2023.
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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
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