Henry’s Take – Gold Drops – Budget Looming
Sold all the GEAR.
Gold drops hard.
DEG quarterly. Gold shopping list.
Federal Budget in focus.
US earnings season.
Members Meet Friday in Perth
Marcus Take Tuesday
Standard “Buying the dip” as Middle East risk dissipates. Eyes on Middle East – doubt its all over. Not buying the dip. Tesla’s Bubble bursting in slow motion. Results tonight. Big Tech results start rolling tonight. Eyes on CPI today. US inflation numbers on Friday. Education Corner – Why some Members don’t care about share prices.
End of Day Report
ASX 200 has risen 34 points to 7684 (+0.5%) as the market waits for US earnings. Banks leading the charge higher with the Big Bank Basket up to $202.84 (+1.3%). CBA up 1.5%, WBC up 0.9% and MQG gaining 1.2% with insurers slightly higher. REITs better with GMG up 0.8%, SCG up 1.9%. Healthcare better…
Trading Section
SUMMARY Gold sold off yesterday. Opening update: Gold belted. Both BGL and NST below stop losses. Selling both. SNAS gains yesterday weren’t as big as expected. NASDAQ up 1% overnight. Stop loss increased to $1.84. Oil futures down overnight. BPT holding up relatively well. MQG prints another daily buy signal. Last week it was followed by…
Members Podcast Tuesday – Waiting to see if the US Results and the US inflation number kills or fills this rally
Buying the bounce? Not yet. The US results season and the Inflation numbers this week are going to fill or kill this rally.
Pre-Market Report
US equities rebounded overnight after the $2 trillion sell-off last week, which saw the S&P 500 book its third weekly loss and the NASDAQ 100 dropping ~5.5%. The Dow gained 254 points (+0.67%). Up 461 points at best, down one point at worst. The S&P 500 and the NASDAQ broke their six-day losing streak, advancing…
Trading Section
SUMMARY SNAS keeps rising. Gains subdued by an unexpected bounce in the ASX. No reason to change NST or BGL. BGL taking some hits. KAR tapered off on Friday afternoon, down again today and glad we got out. BPT down a touch. No change to SFR or One Stock Portfolios (happy to be in cash there).