The Good Morning Report

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. Fed Chair told Congress that interest rates are headed higher than previously expected...Stocks, bonds, metals all puked as money poured into US dollars.

2. RBA increased rates by 0.25%....Dr Phil in his statement said : 'High inflation makes life difficult for people'....Oh you don't say.

3. Financial Tech company Bravura Solutions (BVS) collapsed 53% after announcing a heavily dilutive capital raising to fix its balance sheet....Fortunately, I had an AVOID rating on the stock.

4. Singapore's central bank which is called the Monetary Authority of Singapore (MAS) bought a whopping 44 tons of GOLD in January; that's an almost 30% increase on its existing holding!....May not be obvious right now, but GOLD is going much, much higher in the future.

5. Consumer confidence continues to sag in Australia....No need to be buying into consumer discretionary stocks right now.

ASX Market Update

ASX 200 up 36 points to 7364

The big news was TPG making a takeover bid for Invocare (IVC) sending its shares soaring 34% higher.....With IVC management completely stuffing up last year, it is little wonder the very shrewd TPG decided to pounce...While it's great that some of you got a short term winner, it will be a shame to see a very unique company like this vanish from the ASX if the bid is successful. 

After the selloff last week, I picked IVC as a takeover target in Monday's Good Morning Report.

I also promise you that TPG understand the strong fundamentals of the sector - here is an insurance analyst explaining what is going on (he appears to be a bit uneasy with his findings and fair enough - what a crap situation we are in)...


Random Observation

Scandal of the highest level?????? 

This is what the scandal of the highest level was about:

"While the gold remained above broader industry standards, the report estimated up to 100 tonnes of gold sent to Shanghai Gold Exchange (SGE) potentially did not comply with Shanghai's strict purity standards for silver content"

Are you kidding me - what a joke of a story..."POTENTIALLY".... I guarantee you that NONE of this GOLD will ever get sent back to Australia. The Xi Man bans exporting the stuff! The Perth Mint GOLD bars are accepted by every central bank on earth....I know I would love to own a big pile of those 99.99% pure GOLD SCANDAL PERTH MINT bars!!!

It seems to me the hit piece is designed for you to lose trust with GOLD from the Perth Mint; remember the ESTABLISHMENT wants you invested in BONDS and their FINANCIAL SYSTEM - definitely NOT GOLD.

And then the ABC uncovers another scandal...

But want to know what the real scandals are?... Well its how Australia is selling BILLIONS worth of GOLD to CHINA every year, how the RBA owns bugger all GOLD and how EVERY SUPER FUND (3 $Trillion pot) doesn't have a box to tick allowing  normal Aussies to easily invest in GOLD....The Chinese are basically stealing our STORE OF WEALTH out from under our noses. That's the REAL STORY. 

The Chinese must be in hysterics over the ABC's gold scandal story (that is not really a scandal), because when they rip you off - you get done good and proper....See below!

Rule number 1 of GOLD Club - never BUY GOLD off the Chinese.....Rule number 2 - refer back to rule number 1!

###@ SuperEquity we give our clients the ability to invest via their SUPER into PHYSICAL GOLD, SILVER and PLATINUM BULLION.... Click here and type in 'I want to know more' and we will be in touch.   

The Day Ahead

We did see some some solid selling in COMMODITIES overnight, but the impact will be offset somewhat by the $Aussie dollar falling 2%....PMGOLD and NUGG (physical GOLD ETFs) should be up slightly today.

  • Our SPI is down 62 points
  • Bitcoin down 0.8% to $22,187

Movements affecting our resource stocks today (USD)

  • BHP in the US down 2.6%
  • Gold down 1.88% to $1819
  • Paper Silver down 4.6% to $20.16 (LOL....refer to meme!)
  • Platinum down 4.53% to $934 (anything under $2000 per ounce is ridiculous!)
  • Copper down 2.75% to $3.97 (copper crisis is coming and market is selling off - hahaha..are you kidding?!!??)
  • Brent Crude down 3% to $83.48
  • Iron ore up 2.2% to $127.05

Asian Market Update

Japan added 0.25%, Hong Kong down 0.33%, China fell 1.11%

On Xi Man's orders, the CCP now has property developers backs....

Global Market Update

US Market

DOW down 573 points to 32,857 (still an hour to go)

Jerome Powell's testimony to congress this morning would indicate that the FEDERAL RESERVE is likely to hike rates by 0.5% or 50 basis points at the next meeting....THE GREAT SQUEEZE IS COMING.

European Markets

Germans down 0.6%, Brits dipped 0.13% and Frenchies fell 0.46%

Sanctions against Russia are hilarious; US will eventually get the metal once it goes through a few sets of hands....

These big policy moves are designed to create INFLATION.

Key Market Summary

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Stephen Hall
Stephen Hall
September 21, 2023.
Tracy & Adrian's knowledge/experience with financial markets, greater global & domestic political/economic impacts & individual companies/stocks is not just unique & refreshing, but also gives great peace of mind. Having a team this capable taking care of your hard earned to help avoid knowable negative impacts, and/or take advantage of opportunities well ahead of time is like nothing I've experienced before. Could not recommend highly enough. Subscribe to Adrian's newsletter too if you want a no B.S. commentary that is unlike the sanitised drivel coming from mainstream financial reporting.
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jeff allott
June 22, 2023.
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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
Leigh P
Leigh P
April 29, 2022.
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February 25, 2022.
My husband and I have had the privilege of receiving the guidance, services and support from Tracy for over 5 years. Having joined Super Equity has been one of the best financial decisions we have made to date. Tracy's extensive experience and knowledge has guided and helped us improve in our financial journey. No question is to silly, Tracy is always available for any query you have and gives us the time to explain our portfolio and investments. Receiving the daily morning reports has been helpful to understand and learn the market. We have always highly recommended and will not hesitate to recommend Tracy and team for any and all financial guidance. Thank you Tracy and look forward to your continual support.
Tessa Daal
Tessa Daal
October 13, 2016.
Tracy has been an amazing teacher. I have gone from having no idea about what my super was doing and feeling really overwhelmed by the thought of all that it involved, to now being in control and understanding. Through super equity's I have a transparent, easy to understand managed fund. Tracy has even put me into contact with advisors specialised in life insurance and income protection. I cannot thank Tracy enough for empowering me and helping me organise all my affairs. If you need someone patient an knowledgeable to organise your super and investment portfolio, Tracy is the best!!
Dianne Bentley
Dianne Bentley
July 8, 2016.
The service and support received from Super Equity has reached and surpassed all our expectations. Having previous experience with stock brokering firms over an 11 year period has highlighted to me how superior the service and support received from Tracy Askew at Super Equity is. For myself and for my clients. Tracy's in depth fundamental and technical knowledge in all areas of the market reduces many hours of my time in the research needed to be successful and profitable for myself and my clients.