Difference between a *conditional loan commitment* and a letter of intent?
Other than the former getting through the ASX announcement filter more easily
curious: who’s doing what?
Aside from googling: loan commitment sounds much more binding and concrete than letter of intent.
There is also nothing stopping you from contacting investor relations and asking: this kind of stuff is exactly what they’re paid for (at least, I’m assuming it is!).
I’m actually kinda tempted to interview an investor relations person or get them to do an AMA because methinks it’s an under utilised resource for us folk in the casino.
US DOE conditional commitment to INR.
The question was mostly rhetorical, because it's not uncommon to see LOIs with fewer conditions and sometimes even more detail.
Not that I don't think it has a good chance, just musing at the ASX process
Unfortunately I missed the buy in. I had to keep edging it up, and got to 0.550 but it opened at 0.560.
I have an order at 0.525 in case there's a pull back and will sell later in the week.
Debt is only bad if you're a third world country that has either adopted the USD or have a worthless currency (Argentina/Venezuela) with debt in USD to the IMF or other organisations.
The US just prints more money. It's literally a none issue. You can tell them that it's bullshit, unfair and an abuse of their power as custodian of the global reserve currency, but as Mao said, power is at the end of the barrel of a gun and the USA has the biggest gun in history.
Debt by David Graeber is a good read, slightly related but it has an anecdote about the IMF that has stuck with me.
I am watching carefully for a SNAS entry, but I think this rally has the potential to run for a while so I'm being patient. It may be a few more weeks until it makes sense.
fertilizer companies thar are a buy...goooooooooooooo team reddit. hit me with a reply if ur following any or think is a buy ..cough i work for goldman cough
I did the same. I'm still extremely confident we'll make money by October. I'm putting more money in this morning after a few hours of market open.
15% of mortgage holders are already going to be in negative income from April. The GFC was triggered by 4.5% of loans going delinquent. Australians are allowed to (i.e. they will) dip into their super during mortgage stress. That means all stocks will go down across the board approx 90 days from April plus 3 months for all the carpenters to run out of savings.
No I mean negative income, but most of those people will also have negative equity which is a double whammy because they can't sell.
15% of mortgages REPORTED incomes were lower than what their mortgage repayments will be in April when the rates expire. That means it is literally impossible for them not to default. And even if they do default they'll be left with 20% of their mortgage to pay off while they rent which they'll be forced to dip into their super to pay off.
This is a little conspiratorial but I genuinely think the RBA is cooking its own analysis because they know that inflation is worse than falling house prices and the government is breathing down Lowe's neck.
Did you read the RBA report yourself? That reference to 15% going into negative spare cash flow is for variable-rate mortgages, not fixed rate. The fixed rate is much harder to ascertain potential mortgage stress because they don't have offset/redraw accounts.
"Just over half of variable-rate owner-occupier borrowers would see their spare cash flows decline by more than 20 per cent over the next couple of years, including around 15 per cent of households whose spare cash flows would become negative as the combined burden of higher interest payments and the higher cost of essential goods and services exceeds their initial spare cash flows."
It's obviously worse going from 1.9% to 5.7% than going from 4.3% to 4.5%, especially if you don't have an offset account.
You would have to be extremely soft in the head to elect to stick on fixed rates at the moment if your fixed rate period was set to expire. Although it may be harder to calculate the magnitude of the impact, it's a certainty that they'll feel it more.
In Australia you can't fix a mortgage for 30 years like you can in the US, best they'll ever give you is 4 or 5, and while interest rates are rising the banks will never offer lower fixed rates than variable. Best case scenario they'll offer you what they expect the rates to be in 3 years' time, which at the moment from some quick googling bank offers, appears to be between 5.7 and 6.7%.
But hey, I'm no financial planner and this is a thread for self proclaimed autists. Maybe if they all buy brainchip in time they'll be rich beyond their wildest dreams and we'll avoid a recession.
I hear what you're saying and I'm positioned for further downside to come as well, I just think it is valuable to play contrarian to your own view sometimes. Whilst I want a big housing correction, even as a home owner myself, I don't underestimate the capacity for the self-interest of our elected officials to kick the can further down the road somehow. You might enjoy hopping over to r/atayls where the big bears play.
https://www.abc.net.au/news/2023-01-16/mortgages-real-estate-and-consumers-economic-challenges/101848280
This article touches on it but they've misinterpreted what the RBA have modelled.
I am at work but can send links later
Serviceability is based off RBA modelling (if anything it is too generous for people's ability to pay loans, given they assume the average Australian has 3 grand of physical cash hoarded)
Negative equity is just based off the fact that most people ticking over to variable bought in 2020 when prices were higher
> Negative equity is just based off the fact that most people ticking over to variable bought in 2020 when prices were higher
Were they? In April 2020?
ABS has a tick up in 2019, flat-ish first half of 2020, building second half and not until the start of 2021 did prices pass the previous 2017 peak. https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/residential-property-price-indexes-eight-capital-cities/dec-2021
Similarly corelogic (who hide their back series so I'm working off old downloads here) had their 5 capitals aggregate at 145 in Feb 2021, peaking at 176 April 2022, and pulling back to 160 Jan 2023. We're only halfway back down.
Not to mention negative equity would need prices to fall below not only 2020 purchase price, but also the deposit and three years of principal.
People will be hurting, prices will continue to come down (potentially below 2017 levels), but I see it mainly due to constrained borrowing capacity, not some flood of forced sellers.
Rising interest rates will disproportionately affect the repayments of people with worse LVRs, i.e. it isn't that hard to lose more than the deposit worth of value, when you suddenly have 26 years of 5.7% compound interest applied to your 800k loan that you bought at a 5% deposit when interest rates were 1.9%. that means your house would have to appreciate to being worth more than or equal to 0.95*1.031^26 of the purchase price for you to avoid negative equity... I.e. increase by 120%.... And that's presuming the insurance agency decides to find a heart and not pump up your LMI.
These are families with combined incomes of 100k who will have to fork out an extra 2300 a fortnight.
Even without a fall in house prices, anyone on a 95% LVR such as that offered by the first home owner guarantee scheme, or 9/10 bodgy mortgage brokers will be getting boned way harder than they can take. Plus nobody will have the same purchasing power.
One stat I'm interested in finding but can't, is what portion of loans (mortgage or otherwise) used a mortgaged primary residence as collateral. Those people will be boned extra hard, and they'll fire their staff before they sell the house. It only takes a few forced sales to drop prices, then everyone with collateral loans will be margin called by the banks, and be unable to sell their house for what they borrowed against it. and that will trigger the chain reaction and a crash due to a flood of forced sales. My prediction is October / November at the latest.
The more commodities rise the more liklihood those higher input prices get passed onto consumers casuing more inflation. So I reckon short-medium term this is the play depening on the strength of commodities rally.
I am of the same mind with supermarkets, but I am not sure if it's me being dumb but WOW and to an extent COL both look pretty unattractive at their current prices
Can we capital raise for my new company: Copper Mining
That's ASX:CUM
Cu Copper
M mining
I will then use cap raise funds to advertise on HC, can hire a few of those rampers we all hear about.
Look at me, I'm the insto now.
This isn't being deleted(yet), but we suggest trying harder next time.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ASX_Bets) if you have any questions or concerns.*
What’s the reason for being bullish on tin continuing ?
I thought it was a pretty readily available commodity and is generally easy to get mines going for it around the world.
I'll try to keep it simple. My case for tin is
-Tin is a energy metal. Meaning we need more of it if we want to electrify everything such as EVs, rebotics, solar etc.
- China are stockpiling meaning what ever tin they get a hand on they store or use and other nations including China are drying out of tin as a report states in late 2019. We saw this in the charts in 2021 where it reached $50,000/ t
- The future for tin looks to be grim as in there will be a massive deflect as we move forward. eg China out of covid restrictions, more demand for EVs, solar, advanced computing etc
- ESG sourced Tin will be priority for the future. Companies will eant to know where and how the tin is sourced. eg child labor, was it safely mined.
I see the price of tin hitting ATH as well as hitting $65,000/t within the next 6-9 months.
I am currently balls deep in ASX:SRZ (highest grade tin resource) please do your own research.
Cheers.
Yeah...but macro longitudinal data doesn't lie. Patient long-term contrarians mostly win, ultimately. Everything is a cycle. So, it's all relative. And there are a lot of bargains out there for the mid-long holder at the moment. Tin...bit like silver, but again, safe positive.
I was eyeing INR off on Thursday, and Friday... an in July, and in October last year. I'm sure I'll jump on it one of these days. Probably not tomorrow.
Happy Sunday evening. Your pre pre-market for Monday awaits. It looks as though the ASX wants to go green for us tomorrow.
**Shares poised to resume their climb amid bets inflation will ease**
Australian shares will target an eight-month high on Monday and an eighth gain in nine trading sessions as the equity market buoyancy spilt over into cryptocurrency markets on the weekend.
The bitcoin price surged 11 per cent to top $US21,000 on Sunday morning. It had pared back some gains to trade at $20,745 at 5pm AEDT.
The leading digital asset and risk bellwether that never stops trading has now retraced all its losses since crypto exchange FTX filed for bankruptcy on November 11.
On Friday, the S&P/ASX 200 closed at a six-week high of 7328.1 points on bets that global inflation will ease this year as China pushes through plans to reopen to the world.
Sharemarket futures point to a 0.48 per cent gain at Monday’s opening bell to leave the market poised to top a six-week high and a previous closing high of 7364.7 points on May 5.
On Wall Street, the S&P/500 and Nasdaq indices posted their best weekly returns since November, after data last Thursday showed US inflation cooled to 6.5 per cent over December.
“The market is getting excited about the idea that US inflation is slowing and potentially quickly enough to have the Fed pivot, or avoid a recession,” said Betashares chief economist David Bassanese.
“The Fed may eventually want to pause \[interest rate increases\], but the equity market would go on an absolute tear if it did, and it’s like a wild horse they’ve got to keep a tight rein on it.”
**Gold extends advances**
Bets on improved demand for commodities from China helped metals and energy prices gain last week, as iron ore rose to $US123.07 a tonne on Friday and shares in Fortescue Metals hit a 52-week-high.
The market’s largest constituent by index weight, BHP Group, also hit a record high after adjusting for the value of an in-specie distribution shareholders received when it merged its oil and gas assets with Woodside Petroleum.
Gold prices also extended advances since the new year to close at US$1923.35 an ounce and just shy of a 52-week high of $US1935.50 set on April 25. Benchmark US oil futures added 2.1 per cent to close at $US80.07 a barrel.
Other base and precious metals such as copper and silver gained as the US Dollar Index eased to 102.18 points, down 11 per cent since a September high. A weaker US dollar boosts the value of commodities priced in the world’s primary reserve currency.
**Unemployment rate**
Next week, traders will scour Australian jobs data due on Thursday for signs that the Reserve Bank’s aggressive round of interest rate increases last year has slowed a hot jobs market.
Commonwealth Bank’s economics team forecasts that December’s unemployment rate will remain steady at 3.4 per cent. It also expects the economy to have added 25,000 jobs last month, in a slowdown from the higher-than-expected 64,000 jobs gained in November.
“We still expect a fairly solid \[jobs\] gain,” said Mr Bassanese. “All the leading indicators still show that demand is pretty firm.”
He tipped the RBA to lift interest rates by 0.25 of a percentage point twice more, before pausing at 3.6 per cent. “I don’t think anything we’ve seen in the housing sector, yet, is a red flag to the RBA to say you’ve got to stop raising rates,” he said.
According to Mr Bassanese, the US Federal Reserve will pare back its interest rate increases from 50 basis points to 25 basis points at its February 1 meeting in line with consensus expectations.
Investment bank Barclays believes the Fed will deliver three more 25 basis point increases in February, March, and May before pausing its cash rate between 5 per cent and 5.25 per cent.
On Tuesday, the January data for consumer sentiment in Australia will be released.
“Consumers are feeling pessimistic about their own financial positions and the broader economy,” said CBA. “The January figure may show some improvement, though the level will remain deeply negative with high inflation, falling home prices, and rising interest rates the main concerns.”
In the UK and Canada, quarterly inflation data will be out on Wednesday. Consensus forecasts are for both economies to post slight declines year-on-year to 10.6 per cent and 6.3 per cent, respectively. On the same day, the Bank of Japan will become the first big bank to meet this year as it battles 10-year bond yields topping its 0.5 per cent target.
In the US on Thursday, producer price inflation (PPI) data is expected to show a sixth straight month of declines for December, with the market consensus at 6.8 per cent, versus 7.4 per cent in November.
Thanks to ChatGPT:
Australian shares will target an eight-month high on Monday and an eighth gain in nine trading sessions
Bitcoin surged 11% to top $21,000 on Sunday morning
Sharemarket futures point to a 0.48% gain at Monday’s opening bell
S&P/500 and Nasdaq indices posted their best weekly returns since November
US inflation cooled to 6.5% over December
Market is getting excited about the idea that US inflation is slowing and potentially quickly enough to have the Fed pivot, or avoid a recession.
The filth index is set to rise on Monday as muck and dirt traders anticipate a bullish market
The price of mud is expected to surge as investors bet on a new gold rush for the dirty commodity
The leading muck-based asset, "MuddyCoin," is predicted to top $100 per shovel on Sunday evening
Sharemarket futures point to a 0.48% gain in the "Muck 200" index, as investors look to capitalize on the increasing demand for dirty commodities
Wall Street's "Dirt and Filth Index" is expected to post strong returns as traders anticipate a slowdown in the cleansing industry
Experts are saying that this is the perfect time to invest in filth, as the market is ripe with potential for those willing to get their hands dirty
I just passed 12 months hold for my first parcel last week, happy to see some movement on good volume! Watched this and traded some profits over the course of about a year and a half before biting the bullet and settling in for a longer hold so I hope it pays off eventually!
Did you get any wiser over the last decade? I’m still waiting for the wisdom! Interesting to see what SPQ does today, at 6.7c I’ve got 10k which is the most I’ve ever had in a single stock. Planning to ride it out for (hopefully) significant news but that sell button is like a magnet for my finger. I don’t have the balls I used to!
the only way is up!
Who bought INR @ .59...
ME
Market open thread is that way - https://www.reddit.com/r/ASX\_Bets/comments/10cxjop/market\_open\_thread\_for\_general\_trading\_and\_plans/
Thanks Mate - I'm a loser
We're all losers until we win
Sold 25000 shares in CXO at 1.12 and bought back at 1.11 10 mins later and threw the $250 into another 10 FMG shares. Fun way to start the day...
VML director going full yolo mode at the moment with on market purchases
How many now? Last time i checked it was 25k worth i think
ESS 50c party
PNV WITH RECORD HY SALES
I hear we should strap ourselves together in as we’re all headed to the moon 🚀
I heard we should get the strap-on because we’re gonna get fucked
Yet to hear anything bad expected for today
That’s how you know it will be bad
I saw PLS hit $3.44 in my dream.
The less karma you have, the higher my stocks go
You gotta work harder. Over 4,000 karma points.
And I saw IVZ hit $5 in mine. Look how that turned out.
My dreams are usually jinxed. How about yours?
Morning ladies and gents. INR is what’s up today. That’s all
Difference between a *conditional loan commitment* and a letter of intent? Other than the former getting through the ASX announcement filter more easily
Both non-binding and non-committal
curious: who’s doing what? Aside from googling: loan commitment sounds much more binding and concrete than letter of intent. There is also nothing stopping you from contacting investor relations and asking: this kind of stuff is exactly what they’re paid for (at least, I’m assuming it is!). I’m actually kinda tempted to interview an investor relations person or get them to do an AMA because methinks it’s an under utilised resource for us folk in the casino.
US DOE conditional commitment to INR. The question was mostly rhetorical, because it's not uncommon to see LOIs with fewer conditions and sometimes even more detail. Not that I don't think it has a good chance, just musing at the ASX process
INR dumb boredom trade coming in. Buy at 0.495 Sell at 0.575. I haven't regretted any trades yet this year, so I may as well start with this one.
How’d it go managed to sell in time at that .59
Unfortunately I missed the buy in. I had to keep edging it up, and got to 0.550 but it opened at 0.560. I have an order at 0.525 in case there's a pull back and will sell later in the week.
I'm not sure I got that order in early enough, so I put another at 0.505. If both go through it'll be double the dumbfuck bet.
Good luck 🤞
With US markets closed on Monday, will the ASX just flail around for 2 days waiting for daddy to come home and tell us what to do?
yes
Anyone on here thinking of having a punt on SNAS or BBUS this week with the debt ceiling issues looming in the states?
Debt is only bad if you're a third world country that has either adopted the USD or have a worthless currency (Argentina/Venezuela) with debt in USD to the IMF or other organisations. The US just prints more money. It's literally a none issue. You can tell them that it's bullshit, unfair and an abuse of their power as custodian of the global reserve currency, but as Mao said, power is at the end of the barrel of a gun and the USA has the biggest gun in history. Debt by David Graeber is a good read, slightly related but it has an anecdote about the IMF that has stuck with me.
RIP David Graeber
Similar take in The Deficit Myth by Stephanie Kelton
Nah, mate. Plus, Biden could always mint *the coin.* [The coin lore.](https://www.vox.com/22711346/trillion-dollar-coin-mintthecoin-debt-ceiling-beowulf)
No.
Bears coping 🤣
The debt ceiling “issues” are pageantry. The ceiling will get raised, just like it always does.
No mate 'this time it's different', I am sure an old lady who sells Rendang at the markets told me.
I love a good rendang - which market?
Nightcliff markets in Darwin mate.
Ima need this also
See comment above👍
Debt ceiling is just another day, earnings results, and next interest rate decision are bigger drivers next few weeks imo.
I am watching carefully for a SNAS entry, but I think this rally has the potential to run for a while so I'm being patient. It may be a few more weeks until it makes sense.
Pray for mojo
What have they done to you!
fertilizer companies thar are a buy...goooooooooooooo team reddit. hit me with a reply if ur following any or think is a buy ..cough i work for goldman cough
Qpm please aye, busting my asshole
Bought BBOZ back in May thinking stocks were fucked. Bought at 4.23. Still holding now at 3.30 ish. Not a big deal except I’m think it’s deflationary?
I did the same. I'm still extremely confident we'll make money by October. I'm putting more money in this morning after a few hours of market open. 15% of mortgage holders are already going to be in negative income from April. The GFC was triggered by 4.5% of loans going delinquent. Australians are allowed to (i.e. they will) dip into their super during mortgage stress. That means all stocks will go down across the board approx 90 days from April plus 3 months for all the carpenters to run out of savings.
Do you mean negative equity?
No I mean negative income, but most of those people will also have negative equity which is a double whammy because they can't sell. 15% of mortgages REPORTED incomes were lower than what their mortgage repayments will be in April when the rates expire. That means it is literally impossible for them not to default. And even if they do default they'll be left with 20% of their mortgage to pay off while they rent which they'll be forced to dip into their super to pay off.
Source?
This is a little conspiratorial but I genuinely think the RBA is cooking its own analysis because they know that inflation is worse than falling house prices and the government is breathing down Lowe's neck.
Did you read the RBA report yourself? That reference to 15% going into negative spare cash flow is for variable-rate mortgages, not fixed rate. The fixed rate is much harder to ascertain potential mortgage stress because they don't have offset/redraw accounts. "Just over half of variable-rate owner-occupier borrowers would see their spare cash flows decline by more than 20 per cent over the next couple of years, including around 15 per cent of households whose spare cash flows would become negative as the combined burden of higher interest payments and the higher cost of essential goods and services exceeds their initial spare cash flows."
It's obviously worse going from 1.9% to 5.7% than going from 4.3% to 4.5%, especially if you don't have an offset account. You would have to be extremely soft in the head to elect to stick on fixed rates at the moment if your fixed rate period was set to expire. Although it may be harder to calculate the magnitude of the impact, it's a certainty that they'll feel it more. In Australia you can't fix a mortgage for 30 years like you can in the US, best they'll ever give you is 4 or 5, and while interest rates are rising the banks will never offer lower fixed rates than variable. Best case scenario they'll offer you what they expect the rates to be in 3 years' time, which at the moment from some quick googling bank offers, appears to be between 5.7 and 6.7%. But hey, I'm no financial planner and this is a thread for self proclaimed autists. Maybe if they all buy brainchip in time they'll be rich beyond their wildest dreams and we'll avoid a recession.
I hear what you're saying and I'm positioned for further downside to come as well, I just think it is valuable to play contrarian to your own view sometimes. Whilst I want a big housing correction, even as a home owner myself, I don't underestimate the capacity for the self-interest of our elected officials to kick the can further down the road somehow. You might enjoy hopping over to r/atayls where the big bears play.
Agreed I really hope they don't just extend the maximum term out to 60 years and endow us with generational mortgages
https://www.abc.net.au/news/2023-01-16/mortgages-real-estate-and-consumers-economic-challenges/101848280 This article touches on it but they've misinterpreted what the RBA have modelled.
I am at work but can send links later Serviceability is based off RBA modelling (if anything it is too generous for people's ability to pay loans, given they assume the average Australian has 3 grand of physical cash hoarded) Negative equity is just based off the fact that most people ticking over to variable bought in 2020 when prices were higher
> Negative equity is just based off the fact that most people ticking over to variable bought in 2020 when prices were higher Were they? In April 2020? ABS has a tick up in 2019, flat-ish first half of 2020, building second half and not until the start of 2021 did prices pass the previous 2017 peak. https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/residential-property-price-indexes-eight-capital-cities/dec-2021 Similarly corelogic (who hide their back series so I'm working off old downloads here) had their 5 capitals aggregate at 145 in Feb 2021, peaking at 176 April 2022, and pulling back to 160 Jan 2023. We're only halfway back down. Not to mention negative equity would need prices to fall below not only 2020 purchase price, but also the deposit and three years of principal. People will be hurting, prices will continue to come down (potentially below 2017 levels), but I see it mainly due to constrained borrowing capacity, not some flood of forced sellers.
Rising interest rates will disproportionately affect the repayments of people with worse LVRs, i.e. it isn't that hard to lose more than the deposit worth of value, when you suddenly have 26 years of 5.7% compound interest applied to your 800k loan that you bought at a 5% deposit when interest rates were 1.9%. that means your house would have to appreciate to being worth more than or equal to 0.95*1.031^26 of the purchase price for you to avoid negative equity... I.e. increase by 120%.... And that's presuming the insurance agency decides to find a heart and not pump up your LMI. These are families with combined incomes of 100k who will have to fork out an extra 2300 a fortnight. Even without a fall in house prices, anyone on a 95% LVR such as that offered by the first home owner guarantee scheme, or 9/10 bodgy mortgage brokers will be getting boned way harder than they can take. Plus nobody will have the same purchasing power. One stat I'm interested in finding but can't, is what portion of loans (mortgage or otherwise) used a mortgaged primary residence as collateral. Those people will be boned extra hard, and they'll fire their staff before they sell the house. It only takes a few forced sales to drop prices, then everyone with collateral loans will be margin called by the banks, and be unable to sell their house for what they borrowed against it. and that will trigger the chain reaction and a crash due to a flood of forced sales. My prediction is October / November at the latest.
Excellent satire.
Now you basically need to hold it until china takes taiwan.
Yeah, I made a similar error once. Recession fears definitely aren’t over but it’s hard to say if we’ll leg down in a month or 3 months 💁♂️
B-boz(y)s, fly-girls, throw your hands in the air Uh yeah, like you just don't care...
Clearly we don't care about profits, tis why we be here.
INR going places
700m usd government loan. Wonder what the open will be
Oil..gold...cant go wrong i reackon.
Personally like ALK, AAJ, CE1
TMR...MAY..IVZ
Yeah? What’s your pick?
HZN, SHE, BEZ, MM8
The dumbarse probably bought gas and silver.
AVZ to receive ML before March 20, or I'll take two months off. u/mcfucking
I bloody hope so.
🦄 noted
[Best asset class for 2023?](https://www.reddit.com/r/ASX_banned/comments/10cfi40/best_asset_class_for_2023/)
Your mom
Dog stocks
My portfolio has a 100% allocation on dog stocks
This is the way
Commodities and cash.
The more commodities rise the more liklihood those higher input prices get passed onto consumers casuing more inflation. So I reckon short-medium term this is the play depening on the strength of commodities rally.
yep, same philosophy as always for me - invest in the stuff that *causes* the inflation would also consider the supermarkets, as boring as that is 💤
I am of the same mind with supermarkets, but I am not sure if it's me being dumb but WOW and to an extent COL both look pretty unattractive at their current prices
Yep. Inflation isn't stopping anytime soon.
(Cu)m 🚀
How’s our ETF tracking? Are we on our way to tendie town
The weighted ETF is up 11.02%! Outperforming VDHG by 8.52%.
Can confirm
Can we capital raise for my new company: Copper Mining That's ASX:CUM Cu Copper M mining I will then use cap raise funds to advertise on HC, can hire a few of those rampers we all hear about. Look at me, I'm the insto now.
This isn't being deleted(yet), but we suggest trying harder next time. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ASX_Bets) if you have any questions or concerns.*
Thats what she said
0% cause us closed
Tin man, no one is talking about tin. 🥫🦾
Tin Man needs a heart 💓
I'm ready to squeeze that tin can, like popeye the sailor man!
MLX for the win!
Too late to buy now?
Hell na, I was hoping to top up in the 40s if I can, my average is almost 60c 😅 Tin is flying at the mo and MLX sitting on a bunch of cash
When I finish my milo I have tin. I am well diversified.
What’s the reason for being bullish on tin continuing ? I thought it was a pretty readily available commodity and is generally easy to get mines going for it around the world.
I'll try to keep it simple. My case for tin is -Tin is a energy metal. Meaning we need more of it if we want to electrify everything such as EVs, rebotics, solar etc. - China are stockpiling meaning what ever tin they get a hand on they store or use and other nations including China are drying out of tin as a report states in late 2019. We saw this in the charts in 2021 where it reached $50,000/ t - The future for tin looks to be grim as in there will be a massive deflect as we move forward. eg China out of covid restrictions, more demand for EVs, solar, advanced computing etc - ESG sourced Tin will be priority for the future. Companies will eant to know where and how the tin is sourced. eg child labor, was it safely mined. I see the price of tin hitting ATH as well as hitting $65,000/t within the next 6-9 months. I am currently balls deep in ASX:SRZ (highest grade tin resource) please do your own research. Cheers.
I think that’s exactly what shitcoinsgoup is saying; tins are everywhere! Invest in what you know 🥸
Yeah...but macro longitudinal data doesn't lie. Patient long-term contrarians mostly win, ultimately. Everything is a cycle. So, it's all relative. And there are a lot of bargains out there for the mid-long holder at the moment. Tin...bit like silver, but again, safe positive.
You definitely write like a silver bro. They're always 100% convinced it's only a matter of time.
The gold/silver magic ratio is always a classic
I've heard it all twice over, from the hunt brothers through to solar panels.
Day 250 of waiting for AZL to get BLM approval. INR, who's going to day trade it? Tempted to myself 👀
I was eyeing INR off on Thursday, and Friday... an in July, and in October last year. I'm sure I'll jump on it one of these days. Probably not tomorrow.
Happy Sunday evening. Your pre pre-market for Monday awaits. It looks as though the ASX wants to go green for us tomorrow. **Shares poised to resume their climb amid bets inflation will ease** Australian shares will target an eight-month high on Monday and an eighth gain in nine trading sessions as the equity market buoyancy spilt over into cryptocurrency markets on the weekend. The bitcoin price surged 11 per cent to top $US21,000 on Sunday morning. It had pared back some gains to trade at $20,745 at 5pm AEDT. The leading digital asset and risk bellwether that never stops trading has now retraced all its losses since crypto exchange FTX filed for bankruptcy on November 11. On Friday, the S&P/ASX 200 closed at a six-week high of 7328.1 points on bets that global inflation will ease this year as China pushes through plans to reopen to the world. Sharemarket futures point to a 0.48 per cent gain at Monday’s opening bell to leave the market poised to top a six-week high and a previous closing high of 7364.7 points on May 5. On Wall Street, the S&P/500 and Nasdaq indices posted their best weekly returns since November, after data last Thursday showed US inflation cooled to 6.5 per cent over December. “The market is getting excited about the idea that US inflation is slowing and potentially quickly enough to have the Fed pivot, or avoid a recession,” said Betashares chief economist David Bassanese. “The Fed may eventually want to pause \[interest rate increases\], but the equity market would go on an absolute tear if it did, and it’s like a wild horse they’ve got to keep a tight rein on it.” **Gold extends advances** Bets on improved demand for commodities from China helped metals and energy prices gain last week, as iron ore rose to $US123.07 a tonne on Friday and shares in Fortescue Metals hit a 52-week-high. The market’s largest constituent by index weight, BHP Group, also hit a record high after adjusting for the value of an in-specie distribution shareholders received when it merged its oil and gas assets with Woodside Petroleum. Gold prices also extended advances since the new year to close at US$1923.35 an ounce and just shy of a 52-week high of $US1935.50 set on April 25. Benchmark US oil futures added 2.1 per cent to close at $US80.07 a barrel. Other base and precious metals such as copper and silver gained as the US Dollar Index eased to 102.18 points, down 11 per cent since a September high. A weaker US dollar boosts the value of commodities priced in the world’s primary reserve currency. **Unemployment rate** Next week, traders will scour Australian jobs data due on Thursday for signs that the Reserve Bank’s aggressive round of interest rate increases last year has slowed a hot jobs market. Commonwealth Bank’s economics team forecasts that December’s unemployment rate will remain steady at 3.4 per cent. It also expects the economy to have added 25,000 jobs last month, in a slowdown from the higher-than-expected 64,000 jobs gained in November. “We still expect a fairly solid \[jobs\] gain,” said Mr Bassanese. “All the leading indicators still show that demand is pretty firm.” He tipped the RBA to lift interest rates by 0.25 of a percentage point twice more, before pausing at 3.6 per cent. “I don’t think anything we’ve seen in the housing sector, yet, is a red flag to the RBA to say you’ve got to stop raising rates,” he said. According to Mr Bassanese, the US Federal Reserve will pare back its interest rate increases from 50 basis points to 25 basis points at its February 1 meeting in line with consensus expectations. Investment bank Barclays believes the Fed will deliver three more 25 basis point increases in February, March, and May before pausing its cash rate between 5 per cent and 5.25 per cent. On Tuesday, the January data for consumer sentiment in Australia will be released. “Consumers are feeling pessimistic about their own financial positions and the broader economy,” said CBA. “The January figure may show some improvement, though the level will remain deeply negative with high inflation, falling home prices, and rising interest rates the main concerns.” In the UK and Canada, quarterly inflation data will be out on Wednesday. Consensus forecasts are for both economies to post slight declines year-on-year to 10.6 per cent and 6.3 per cent, respectively. On the same day, the Bank of Japan will become the first big bank to meet this year as it battles 10-year bond yields topping its 0.5 per cent target. In the US on Thursday, producer price inflation (PPI) data is expected to show a sixth straight month of declines for December, with the market consensus at 6.8 per cent, versus 7.4 per cent in November.
Bullish on Friday evening happy hour drinks this week then
that's long and clean. I want quick and dirty
Thanks to ChatGPT: Australian shares will target an eight-month high on Monday and an eighth gain in nine trading sessions Bitcoin surged 11% to top $21,000 on Sunday morning Sharemarket futures point to a 0.48% gain at Monday’s opening bell S&P/500 and Nasdaq indices posted their best weekly returns since November US inflation cooled to 6.5% over December Market is getting excited about the idea that US inflation is slowing and potentially quickly enough to have the Fed pivot, or avoid a recession.
not dirty enough.
The filth index is set to rise on Monday as muck and dirt traders anticipate a bullish market The price of mud is expected to surge as investors bet on a new gold rush for the dirty commodity The leading muck-based asset, "MuddyCoin," is predicted to top $100 per shovel on Sunday evening Sharemarket futures point to a 0.48% gain in the "Muck 200" index, as investors look to capitalize on the increasing demand for dirty commodities Wall Street's "Dirt and Filth Index" is expected to post strong returns as traders anticipate a slowdown in the cleansing industry Experts are saying that this is the perfect time to invest in filth, as the market is ripe with potential for those willing to get their hands dirty
Dirty money it is.
Fossil fuels.
I like it when a girl speaks crude.
She enjoys the slick pickup lines.
Copper up 0.69%, very nicccee
Maybe SPQ will finally release results. Up 12% Friday so the momentum is there
I just passed 12 months hold for my first parcel last week, happy to see some movement on good volume! Watched this and traded some profits over the course of about a year and a half before biting the bullet and settling in for a longer hold so I hope it pays off eventually!
Parcel? HC boomer alert! 😉
The boomerisms seep into you every now and then. Early 30’s probably puts me up to boomer status around here anyway hahaha
Oh man. I’m early 40s. So old!
Did you get any wiser over the last decade? I’m still waiting for the wisdom! Interesting to see what SPQ does today, at 6.7c I’ve got 10k which is the most I’ve ever had in a single stock. Planning to ride it out for (hopefully) significant news but that sell button is like a magnet for my finger. I don’t have the balls I used to!
Nope. Lost a butt load in 2007/08. I’m only gambling this time round so I can buy a new computer. Goal is 10c then I’m out!
Are you copper? Because I'd like to Cu again.
Dr Copper will prescribe mad gainz for 2023! CYM is my Cumpany of choice!
Cum Yer Mouth
Hey hey, another CYMer. How much of a no brainer is that bad boy.
For sure, was hard at 6c down 60%, but doubled down and am very happy now!
See the video today? Bazza talking finance completion end of Feb?
Nope, link??
https://youtu.be/LwmPCUt09NU
Awesome cheers, I've been buying big time during the wait!
Good for you, mate.
Yep. Good margin producer to be. Been in a short while, but looking for long term relationship.
Smart cunt , still waiting to double down , might just have to buy bit more
S32 has been Cu ming up in the last week.