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The Good Morning Report

Posted on June 8, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. Oh goody gum drops, something to look forward to!

2. Chinese copper imports hit a monthly record....BUY WIRE. 

3. Only a matter of time before these commercial real estate blowups in the US cause another banking crisis....See Random Observation.

4. There is talk of deals in MET COAL being done at US$290 a ton....A shipment was sold at US$246 the other day....Let's see what comes out in the wash - but pricing is looking very good all of a sudden!....BUY SMR - it is CHEAP.

5. SEC is freezing all of Binance's US assets....You wouldn't want to have money on their platform or with Coinbase....heck...why even take the risk with crypto? Just buy PHYSICALLY BACKED PRECIOUS METAL ETFs and sleep like a baby!

ASX Market Update

ASX down 11 points to 7118

Beach (BPT) was one of the worst performers falling 8% to $1.305 after announcing drilling at one of its prospects came up with NADA; it's rig will now move on to another spot....As BPT is an existing producer in a strong financial position, I will maintain a BUY.

Random Observation

The financial system is not going to cope with these continued blowups.....

 

The Day Ahead

  • Our SPI is down 11 points
  • Bitcoin down 1% to $26,452

Movements affecting our resource stocks today (USD)

  • BHP in the US was FLAT
  • Newmont  down 0.32%
  • Gold down 1.19% to $1958
  • Paper Silver down 0.44% to $23.56
  • Platinum down 1.3% to $1024
  • Copper down 0.34% to $3.75
  • Brent Crude up 0.81% to $76.81
  • Iron ore up 0.46% to $109

Asian Market Update

Japan down 1.82%, China was FLAT and Hong Kong put on 0.89%

No flies on the Xi Man as Chinese COPPER imports ramped up to a monthly record high and this comes at a time when production from the world's largest copper miner hit a 25 year low....Too good Xi Man, plus backing the truck in while prices are LOW!

Global Market Update

US Market

DOW up 92 points to 33,665

Profit takers moved in on AI exposed stocks with both Nvidia and Microsoft falling over 3%. The NASDAQ closed 1.29% lower. 

European Markets

Germans down 0.2%, Brits and Frenchies were FLAT

GOLD in Turkish Lira surged 6.6% overnight to another fresh record high and is now up 614% over the past 5 years....GOLD = STORE of WEALTH.

This data shows why central banks in the EAST are buying GOLD in record volumes.

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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Stephen Hall
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September 21, 2023.
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June 22, 2023.
Sound knowledgeable and friendly service with advise tailored to my requirements
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Natalie Gaby
January 12, 2023.
I highly recommend Super Equity to anyone needing assistance or guidance with their Super. Tracy was very thorough and clearly explained how Super works and why she made particular recommendations for us. Her (and the team's) customer service is outstanding with being very personalised, and we look forward to a long working relationship with them.
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Charlie Gimblett
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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April 29, 2022.
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