By - AutoModerator
Anyone in MMG? It’s up 20% this week but I’m getting mad FOMO to dive in anyways, anything on the horizon I should know about?
So taking profits on PDN was a mistake, but also taking profits on IMU wasnt. This sharemarket game is a cruel mistress sometimes.
BKT and Urbix getting it on a little more officially 👍
Another CBE pump incoming. How much trouble will I get in if I trade with unsettled funds and sell the same day? I’ll be a first time offender.
There's a mod post on this sub about T+2 trading.
To answer your question, if you sell on the same day the fund is to be settled, it should get cancelled out and you have to pay, or get paid, the difference. However! It might not get cancelled out and you still have to make the settlement of however much you had T+2'd and get paid out in another round of T+2. So T+1 is preferable considering this precedence.
I might just stay put and avoid that confusion all together. Thanks for the explanation though.
Tom always gets payment.
ASX to edge up, Wall St rallies into the close
Australian shares are poised to edge higher at the open after US investors took Federal Reserve chairman Jerome Powell latest comments on reining in inflation in a positive light.
ASX futures were up 5 points or 0.07 per cent to 6850 near 6.30am AEST; reversing a decline of 10 points at about 6am.
On Wall St: Dow +0.6% S&P 500 +0.7% Nasdaq +0.6%
In New York: BHP +2.8% Rio +1.9% Atlassian +2.1%
Tesla +2% Apple -1% Amazon +0.3% Alphabet -1%
The local currency slipped 0.3 per cent; the Bloomberg dollar spot index was little changed.
On bitstamp.net, bitcoin was 0.3 per cent lower to $US19,371 at 6.45am AEST.
The yield on the US 10-year note was 6 basis points higher to 3.32 per cent at 4.38pm in New York.
On Wall Street, all three major benchmarks extended gains into the close. Health care and financials paced eight of the S&P 500’s 11 industry groups higher. The VIX slid 4.2 per cent to 23.61.
“Powell stuck to [his] hawkish script and affirmed the commitment to tighten policy until inflation is back towards their target,” Oanda’s Edward Moya wrote.
“Wall Street is expecting to see some pricing pressure relief with next week’s inflation report, but that shouldn’t derail the current 75 basis-point pace of tightening.”
Powell spoke earlier in the day.
“The longer inflation remains well above target, the greater the risk that the public sees higher inflation as the norm,” Powell said in a moderated discussion with Peter H. Goettler, the president and CEO of the Cato Institute in Washington. “History cautions strongly against prematurely loosening policy.”
Federal Reserve Bank of Chicago president Charles Evans also spoke overnight, further back Powell’s position.
“I think that we’ve got a good plan in place. We could very well do 75 in September,” he said during remarks at an event hosted by the College of DuPage in Glen Ellyn, Illinois.
“My mind is not made up. I do know that we need to be increasing interest rates up to a substantially higher level than where they are now,” said Evans, who does not vote on monetary policy this year.
Local: NZ August credit card spending
Overseas data: China August PPI and CPI at 11.30am AEST
ASX futures up 5 points or 0.07 per cent to 6850 near 6.30am AEST
AUD -0.3% to 67.48 US cents
Bitcoin -0.3% to $US19,371 at 6.45am AEST
On Wall St: Dow +0.6% S&P 500 +0.7% Nasdaq +0.6%
In New York: BHP +2.8% Rio +1.9% Atlassian +2.1%
Tesla +2% Apple -1% Amazon +0.3% Alphabet -1%
In Europe: Stoxx 50 +0.3% FTSE +0.3% CAC +0.3% DAX -0.1%
Spot gold -0.5% to $US1709.93 an ounce at 2.32pm New York time
Brent crude +1.5% to $US89.34 a barrel
Iron ore +3% to $US99.80 a tonne
10-year yield: US 3.32% Australia 3.56% Germany 1.71%
US prices as of 4.38pm in New York
Archegos Capital Management’s Bill Hwang will go on trial on fraud charges in October next year, a federal judge in New York said.
US District Judge Alvin Hellerstein set an October 10, 2023, trial date for Hwang and former Archegos chief financial officer Patrick Halligan at a conference on Thursday (Friday AEST). And their lawyers previewed the legal arguments they plan to make in pre-trial motions seeking to have charges dismissed before trial.
Citigroup persuaded a federal appeals court to force a group of Revlon creditors to return more than half a billion dollars it accidentally sent them.
A trio of judges in Manhattan overturned US District Judge Jesse Furman’s surprise decision allowing the lenders -- which include Brigade Capital Management LP, HPS Investment Partners LLC and Symphony Asset Management -- to keep $US504 million they were mistakenly sent in August of 2020.
European shares rose on Thursday led by gains in bank stocks after the European Central Bank delivered its biggest-ever interest rate hike.
The ECB raised its benchmark lending rate by 75 basis points, as widely expected, and promised further hikes in an effort to bring inflation back towards the central bank’s 2 per cent medium-term target.
“We see today’s decision in favour of the larger step as a signal to markets that the central bank is serious about regaining its inflation-fighting credentials and that is it willing to accept costs in terms of lower growth to ensure price stability,” Morgan Stanley economists wrote in a note.
“September was likely the best moment for the ECB to send this signal, given the expected slowdown ahead.”
The pan-European STOXX 600 index ended a volatile session 0.5 per cent higher, with banks rising 2.3 per cent as the ECB abandoned the two-tier system for the remuneration of excess reserves.
Iron ore futures rebound after a major Chinese city ordered work to restart on unfinished property projects, fuelling hopes for a wider reboot of construction activity.
Zhengzhou, a provincial capital of some 10 million people, said all stalled housing projects should resume by October 6, according to official media. The city urged developers to raise funds by selling other assets, and said the government will take over projects run by builders with liquidity difficulties.
Copper spreads are spiking in a signal that physical supplies remain tight despite global economic headwinds.
The premium for cash copper over three-month futures on the London Metal Exchange rose by as much as 91 per cent on Thursday to a high of $US145 per ton, an indication the market is paying more for units right now. That’s the biggest backwardation since November last year.
Funds have historically bought and sold copper futures as a proxy for global growth, and the metal has declined 20 per cent this year on fears over a recession. Still, the underlying physical market is robust, with Chinese copper imports ticking higher, while top producer Chile said exports were at a 19-month low. Copper climbed as much as 2.4 per cent on the LME, the most in almost five weeks.
“It doesn’t feel to me that anyone wants to be caught short on a price rally because the physical market is actually very strong,” Michael Widmer, head of metals research at Bank of America, said by phone.
HVY indictive change up 20% but in a trading halt ??
Yes. It means nothing.
$1980 means everything
Bloody oath 2k up Would of sold straight away
Hello, it looks like you've made a mistake.
It's supposed to be could've, should've, would've (short for could have, would have, should have), never could of, would of, should of.
Or you misspelled something, I ain't checking everything.
Beep boop - yes, I am a bot, don't botcriminate me.
thoughts on the car market boys?
I have a 3 year old ranger that I can sell for more than I bought it for in 2019, but 2005 hiluxes are hecking $25k+. Would only end up pocketing 25k or so swapping for an old hilux
If a second hand is so expensive, a new car might be a good choice
Not a great time to be buying. Definitely avoid it unless you *need* a vehicle. New and pre-owned stock is incredibly low so prices are high. I've been in the motor trade 10+ years and have never seen prices like this.
the market will level out eventually, and whilst you might "profit" on your current car if you sell right now, you'll cop an astronomical loss on whatever you buy now in this market when it comes time to replace it.
Does the Ranger still suit your needs?
Current car market is a joke but I feel you are better off in the Ranger than old Hilux if market normalises. I don't expect that for a another 2 years though, lead times on cars are still very long.
It suits the same needs an old hilux would
EV's around the corner makes me think it could be a good idea to downsize, would also keep a diesel for camping/hunting anyway, so having two expensive cars plus the misso's just makes me feel a bit sick when it could all be in PLS you know?
idk what to do :(
I'm very risk adverse personally and it seems like you have answered your question. No point risking your capital on the stock market when you have a plan to add a car soon.
Cheap 4x4 ute and EV would be a good combo.
that's IF I can get it cheap sadge
Car market may come off as rates keep rising I think it may be peaking now. Otherwise you can always just buy hi and sell low. I mean this is ASX\_Bets
Now's a good time to flog shit at a premium and also get bargains, so do that. Just don't buy something else overvalued like a $25k wheelbarrow.
I ride a pushy or blades
What is this app, and why do I need it?
>*The investment app that helps you achieve superior returns with logic and data.*
sounds like a scam, neither logic or data has any value when it comes to investing.
perfect day for the guvment to quietly make cuntraversial announcements while the media saturates us with Lizzy 🤰🏾
First one should be moving to a republic
F. Not one for monarchs but she seemed like a decent human being.
Asx future is green as fk. Just bring my house deposit on
I don't like the person I become when someone says futes r green as fuk, u check, and it's up less than 0.1%
PLS $5 incoming after I sold a portion at $3.92
I sold off yesterday @4.18 and wishing i held a bit longer lol
I took some profit at 3.5 smh
Dame should have topped it up around the June-22 lows. Oh well 🤣
*you seem to think that Copper is only relevant to the state of the world economy. Smart people are starting to stockpile all commodities as a hedge against the collapse of FIAT currencies. All the world currencies are being printed out of existence. Smart miners are refusing to sell their hard earned metal if they can. The Ponzi is almost over.*
oh Hotcrapper, how much I do hate thee
LOL, which ticker was that gem posted under?
I’ve got similar nut jobs on TMZ, constantly telling everyone to stack silver for the coming apocalypse. Frankly I feel like the retard by being in the same stock as them.
LOL, same mate, you want to see some of the cringe-worthy crap that's posted under HCH. There are a few decent posters but some must've been dropped on their heads at birth.
That isn’t the full picture. You LOVE and HATE thee 😂😂😂
>Smart people are starting to stockpile all commodities as a hedge against the collapse of FIAT currencies
Oh my fucking god
I love investing in "smart" miners who mine stuff in order to *not* sell it
Here's me with piles of 58%fe iron ore piled up on my dining table ready to go for when monetary collapse happens
How can you hate comedy gold though?!
Must have been bring your kid to work day in Canada as VML presented alongside Rio Tinto to a german trade delegation.
Surely a turnaround can't be far off for this old dog
Rumours of Mineral Resources spinning out their lithium business! 👀
Would you like to print money? 💰
MIN looking to spin off its lithium business. Sounds like a good idea to me. Wouldn't touch with the attached iron ore personally.
Yesterday I spent $5k on a treadmill. Today I woke up wondering what the fuck I was thinking
Could have got an actual clifford to motivate you for that price
Are you hoping this will lead to LKE afternoon jogs again?
That's 5k you could have invested into MAY
what an expensive, dusty ornament you've invested in🤰🏾
Just put it in your living room so you will have the illusion of getting a healthy life style.
I've got one too. You'll love it
Just go for a jog mate
Why didn't you just join a gym?
I'd have to leave my house
It's a lot cheaper to walk outside
But the dropbears!?
Republic of Australia, the land of kangaroos and hoomans.
Bring it on Aldo!
If we become a Republic does it mean we get to wear Togas and sandles?
Does this mean we Albo stamped coins?
can't tell if the typo is intentional or not ....and its still great
AVZ saga continues. Is it baggy town now? who gets to be holding the bags or who gets to be making bags.
bloody hell, some people on here have no chill. Can't wait till scomo appoints himself president and everyone here winges about it. Just a new position for pollies to elect themselves and their mates into.
unlike the guvna ginril? 🤰🏾
lol, democracy is hard so we should all just give up and let someone born on the opposite side of the world be appointed as our head of state for all time. Righto, got it!
2024: King Charles goes for a plane ride with his eldest son and grand-kids and disappears forever over the Atlantic Ocean. Suddenly Prince Andrew an accused child abuser is the only willing royal next in line to step up as King and is now Australia's head of state.
I mean having an Aussie dosn't mean we wonn't have a pedo or a corrupt man as a head of state. IDGAF what we do but the bloody winging the crops up is so annoying, I'm here to make money. Let me bet on which side of the referendum will win
Tbh this day now becomes a stonewall public holiday IMO
well we have always needed a national holiday in-between July and October to better balance out the first half of the year 🤰🏾
The Queen passing on Friday Buy Day.
ASN +420% ANSNF +69% confirmed meme stock. Ascending dildos sequence have aligned. Green day. This is financial advice.
DXY down but gold down too? Shit is terrible
Bring on the Republic of Australia, finally.
to whom do we bow?
Trent from Punchbowl 👑
the emus, still yet to pay reparations for losing the war to them
Kangaroos of course. What do ya think
If we act quick enough we can become a republic and get a public holiday in October.
We would lose Queens birthday in October for QLD so win lose really
I hope the align all the states to the same day.
In the nt we dont have a holiday from the start of august till December so october would be a nice break up
That’s what you get for deciding to be a “Territory”
If i had it my way we would draw line from mackay to port hedland and call us the great Northern state. 😂
I lived in the NT for a while, apart from their terrible economic status I much prefer their way of life and governing.
PLS up to 4.50 by eod.
Ha, spot on, 4.50 at closing
Thinking that I would lose a day off in June. Then I remembered Christmas, that dude has been dead for awhile now and we still get the birthday Off.
He is remembered primarily because of his resurrection, so technically he's still alive, although I appreciate opinions differ on this point.
So if the queen does some sort of resurrection. 3 days off instead of one, I'm down with that.
New long weekend in November, Kings birthday
im pretty sure the holiday will stay in june, as QE2 was born in april, not june. Charles born in nov. the june holiday related to king george6 holidday. we will just call it kings Bday. but time will tell.
SYAXF up 11% 🔥🔥🔥
I'm pretty sure they usually follow the ASX trend, as opposed to the general ASX follows the US trend?
Plans for Friday, September 09, 2022 - watch PLS go up more, pub lunch, watch PLS go up more, mow the lawn.
I'm quitting my job to go yacht shopping.
Taking up a new career as a merchant of the seas aye? Yarrrrrr
Another early ASN holder are ya?
It's a game of thrones brah.
A power vacuum is a very dangerous thing as the historical peeps knew from bitter experience of many a bloody power struggle. Hence "The King is dead, Long live the King!" was a reassuring cry.
Afaik he’s not allowed to wait, if game of thrones has taught me anything
The little ranga might stick a sword through him for the crown now
Long live the king
So do I change the head on All my coins later today or start doing it now?
Bring on the Republic!
could be a vote on who should be a king?
Charlie has it all wrapped up. Who else is there?
Charlie could abdicate.
As if, he has waited a lifetime for this.
>As if, he has waited a lifetime for this.
Almost a lifetime!
3.24am i needed to piss
79.50 USD +2.59 (3.37%)today
If I needed to find the dip, grade distribution and fracture frequency of a deposit where would that information be?
Can i ask what a fracture frequency is? Whats the material?
The fracture spacing in the ore zone. Like number of fractures/m. It's a bornite and chalcopyrite copper mineralisation. I just don't know where this info would be in terms of company reports can't find it in the FS.
Queen dyin’ and all I’m thinking about is the possible affect on my stonks. What a shit lens to see the world through.
Oh well beats looking through it with a +3% annual saver account.
she was long uranium yeah?
Reading the article I posted earlier, as much as I love them, I feel BHP pulled the trigger maybe 12-24 months too early with demerging their oil and gas
The amount of additional profit theyd make wouldve been mind blowing.
And there’s no moral argument here either because Mike Henry just reiterated the fact that theyll continue mining coal 🤦🏻♂️
If they could ramp up Uranium mining at Olympic Dam, that would be great.
That would be the ultimate 🚀 for this sub’s Uranium speccies eh? Endorsement by BHP.
aaaand Uranium pumping too
Lithium pumping in the US again. Friday gonna be gooood
Just go to Hotcrapper to see the insane valuations on complete DOgshit show.
flogging off the shit to the last in.
Ive been wrong on Lithium for 3 years. But I'll be the first to admit it but valuations are complete dogshit. People claiming to call the Lithium companies and getting inside info is complete dogshit.
But what I can say , if you got in early, you fucking made buck. For ever LIthium company that made it to production, how many won't?
US Markets just went green ✅
Go Go rrreeee Strength!
Claw your way back up from the abyss!
Reeeeeeee as in Rare Earths?
Taking bets on Queen’s death before the close of Friday trading
This bloke has a crystal ball. I need financial advice, what dogs should I go all-in on?
That aged quickly
nah she's doing a head fake
Yep. Dead Cat.
That's is all.
If IVZ don't start drilling soon I might buy a shovel and fly over there myself and start digging!
It's an official term for the transition of the Monarchy when Elizabeth dies.
Please tell me the Queen dying isn't the black swan event that brings the market down
Nah fam, white swan event because all of our earthly money is imbued with her new celestial powers due to her likeness being on it.
Well if it can pump on one fella saying " I might have overcooked this" then I see no reason why Lizzy doesn't get the same level of respect.
She's good for another 10 years. They have some pretty amazing taxidermists over there. And with that royalist sledge Im done. Night nite.
Weekend at Lizzie's
I hope it is
Not sure if wants the market down, or the queen dead.
Longing RIC, QBE, NEU, S32, LKE and CWY
full ported into IHL for a 12 month hold, same time next year you'll have a company with ongoing research , royalties and more than likely be acquired or have sold off 1 of there drugs
US looking like a choppy day, though should finish green
US CPI numbers in next week and imo should show inflation decreasing
Let's go bulls
VML or IXR?
Porque no los dos
(like a lot of ~~bagholders~~ members here)
Thanks to the legends who bought all my remaining ASN shares today at 0.43. I'll look back in after CR. No regrets.
[So this was a Greens Senator at the MidWinter Ball](https://imgur.com/a/glnMhMb).
Guess she's not on this WHC gravy train then... 🚂💨🤰
Isn’t she Adam Bandt’s wife?
looks like she's on the 80s Madonna dress up train with a 20s woke twist 🚂🤰🏾💨💨
If you are looking at the greens... should not be long until you be looking at shit.
Of course the fucking imgur link broke. Fixed it with a scuffed screenshot of the video player
Friend gave me this box of lotus yolk mooncake 🥮. A bit too sweet, not bad overall.
Diabetes overnight lol
Shame it didn't taste like ass
Just checking in. I took a bet on ASN a couple months ago at 0.17 and held through the red
What the fuck happened?
You have a big penguin bag now
great. just need another 4-5. only 8k away from my portfolio ATH now and of course i was conservative on the bet that’s bagged 🙃
Think ASN might help you there. Bit more gas in the tank once people realize how quickly it can move to production.
Are you trying to tell me I should ape in? I’ve got a burning desire for a new speccy and it’ll definitely be lithium, but I’m currently eyeing MMG
ASN should come off the boil until the next Ann. Just watch and see if it gets back into the low 30s. I would take a buy in that range if it was me.
Hey can any kind soul with a subscription un-paywall this article, please. Thanks 😘
[here](https://pastebin.com/GDSGa3XJ) you go
Error when i do it on my iphone 😔
Didn't work for me on Android either "no cookies" error.
Nor does printfriendly work.
403 *forbidden* when archive.md tries to GET the page.
Fuck you too, then, Murdoch. If the information only exists in your fascist rags then the chances are extremely high that it's a load of horseshit anyway.
Blame Steve Jobs.
Cock-sucking Telstra 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Edit: rocket emoji’s worked last time so they’ll work again