The Good Morning Report – 7th of June

1. ECB cut interest rates by 0.25% and at the same time increased their inflation forecasts! hahaha – CLOWN WORLD

2.Sky City (SKC), which owns 3 casinos in NZ and one in Adelaide, tanked 14% to a 4 year low after downgrading profit guidance. There could be some value here, but with high debt levels I am maintaining an AVOID rating. SKC really needs to raise capital to fix it’s balance sheet.

3. US solar instillations hit a quarterly record….SOLAR BOOM = SILVER BOOM….BUY ETPMAG

4. I paid $7.50 the other day for 3 limes….I’m so dirty that a New York private equity mob came in an swooped up Costa Group (Australia largest citrus grower) on the cheap – this stock was easily going to double for us.

5. Anyone predicting MET COAL won’t be needed in the coming years to make steel is on industrial grade LSD...“Green steel” is an absolute fairytale….I encourage anyone to prove me wrong; show me the science, show me a business plan. Please!!!…..Maintain BUY on WHC, CRN & SMR

ASX 200 up 52 points to 7821

Investors were in the mood to buy stocks on the notion that the Bank of Canada triggered the start of a wave of rate cuts to sweep across the Western world….The global financial system is leveraged up to the eyeballs, so maybe the central bankers don’t have a choice!….Whatever happens, it is nice to be positioned in precious metals.

Watch this pure psychopath getting all excited about another fake pandemic that would see food inflation skyrocket.…. Birx should already be on death row for crimes vs humanity during the SCAMDEMIC.

Overnight scoreboard looks great for us today. I sent Gillespie in as our nightwatchman – he doesn’t like to block!!

  • SPI is up 12 points
  • Bitcoin down 0.98% to $70,712
  • BHP in US up 1.9%
  • Newmont in US up 3.42% (still on sale)
  • URNM in US up 1.6%

Movements affecting our resource stocks today (USD)

  • Gold up 0.7% to $2392
  • Paper Silver up 4.3% to $31.36
  • Platinum up 1.14% to $1011
  • Palladium was FLAT @ $940 (trading below cost – are you kidding!!hahaha)
  • Copper up 1.4% to $4.67
  • Brent Crude up 1.86% to $79.87
  • Iron ore up 1.9% to $108.80

Japan up 0.55%, China off 0.55% and Hong Kong 0.28%

By jingo, by crikey!!

DOW up 78 points to 38,886

Gamestop shares spiked 47% to $46.55 as it looks like Roaring Kitty aka DeepFuckingValue aka Keith Gill is going to squeeze the daylights out of the shorts and exercise his options to take delivery of 12 million shares to add to his pile…..

Unusual_whales has been keeping track of his trades and tweeted this:

While I don’t have any evidence, I struggle to believe he has pulled this off by himself and I think he is part of turf war on Wall Street. For every winner there is a loser in this zero sum game.

Germans up 0.41%, Brits added 0.47% and Frogs put on 0.42%

President of the ECB Christine Lagarde announced they cut rates by 0.25%….With inflation still running I really didn’t think they were going to follow through, but they did.

Central bankers think they are god like figures as they pull off the greatest wealth heist in modern history.

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