The Good Morning Report – 8th December

The latest market news, commentary and strategy by Adrian Rowney 

Today's Report proudly sponsored by:

 

5 Things that Grabbed my Attention

1. LITHIUM had it's first bounce in along time. The bottom may be in - perhaps some AUTOS have started to stockpile.

2. Sol Patts are trying to take over the beaten up Perpetual (PPT) for around $27.

3. The Evolution (EVN) board is really stretching it's balance sheet these days and are not even considering downside risk in metals at all. Leverage is a double edge sword: If GOLD and COPPER takeoff then EVN will hammer higher and the board will be heroes. If their timing is out, then the banks will force them to raise more capital in the future....I personally like that they are putting it all on the line - a real YOLO play!

4. On his visit to Saudi Arabia, VLAD took Elvira Nabiullina his central bank boss...The other week Xi Man visited the Shanghai Gold Exchange.....All roads are leading to a new financial system with GOLD to play a central role.

5. Woodside (WDS) and Santos (STO) are having merger talks.

ASX Market Update

ASX 200 down 5 points to 7173

Our market managed to hold onto to just about all of the previous sessions gains.... Perpetual (PPT) was the best performer in the top 200 putting on 7% due to the takeover bid from Soul Pattison (SOL). African uranium miner Paladin (PDN) was the worst - falling 6% on no news. 

Random Observation

If you want a good laugh today - watch this clip then start reading the comments section!

These comments should also serve as a strong warning to the board of Nine Entertainment (NEC) who have also allowed their organisation to be over run by woke activists pushing pure propaganda....Imagine if Kerry Packer was still alive to see what NEC had turned into - hahaha.....AVOID NEC shares. 

The Day Ahead

  • Our SPI is down 16 points
  • Bitcoin down 1.5% to $43,319
  • BHP in US up 2.18%
  • Newmont down 0.13%
  • Block Inc in US up 0.8%

Movements affecting our resource stocks today (USD)

  • Gold FLAT @ $2047
  • Paper Silver down 0.3% to $24.16
  • Platinum up 2% to $912
  • Copper up 1.75% to $3.80
  • Brent Crude FLAT @ $74.37
  • Iron ore up 1.6% to $133.25

Asian Market Update

Japan down 1.7%, Hong Kong off 0.71% and China FLAT

Autos could be stockpiling for the future while the stuff is on sale...could easily go LIMIT UP again today.

Global Market Update

US Market

DOW up 62 points to 36,117

Google surged 5% after announcing their new AI offering called Gemini...I dare say it will be programmed to the spread of the woke mind virus.

European Markets

Germans down 0.16%, Brits FLAT, Frenchies dipped 0.1%

These French farmers are legends and it is exactly how government (that sets out to destroy good people) deserve to be treated.

Key Market Summary

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