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Is there any way to work out or find dividend estimates for shares? Such as core lithium, piedmont, ect. Next level crystal ball gazing
Bulls are out in force today, 🚀 all around.
Bears caught with their pants down
Im thinking dead cats and bouncing.
Many of you gimps buy A11 the other day? Also, if you ever feel bad about your investment strategies/DD go and take a look at r/DWAC_stock and you'll feel infinitely better
Apparently we will get a CPI release today from the ABS.
So I am excited for the morning of green, then bad CPI and it all to pull back dramatically.
A Leonora gold miner about to be shit on from a great height this morning
ASIC suing NXL over disclosure concerns.
Strong 'top 3 dog stock' contender over the last couple of years. Great lesson to learn for those trying to catch a falling knife.
Great - so that possible buyout wont save us until this is resolved.
Perfect timing your comm after the one on "make money of DW8's misery"
Is there money to be made in the misery of DW8?
I guess you could go loot their warehouse.
**ASX to surge after BoE move stems UK asset sell-off**
Australian shares are poised to rally in line with gains in New York after the Bank of England sought to put a floor on UK assets. The Dow was poised to close up near 550 points; the S&P 500 surged 2 per cent.
ASX futures were up 98 points or 1.52 per cent to 6558.
On Wall St: Dow +1.9% S&P +2% Nasdaq +2.1%
In New York: BHP +3.4% Rio +2.8% Atlassian +1.7%
Tesla +1.7% Apple -1.3% Amazon +3.2% Netflix +9.3%
The local currency surged back above US65¢; the Bloomberg spot dollar index shed 1 per cent.
On bitstamp.net, bitcoin was 3.3 per cent higher to $US19,605 near 8.05am AEST.
The yield on the US 10-year note plunged 21 basis points to 3.73 per cent at 4.59pm in New York. That paled in comparison with the turn in UK markets.
The yield on the UK 10-year note tumbled 50 basis points to 4 per cent; the yield on the UK 30-year bond fell 106 basis points to 3.92 per cent.
Those moves followed a decision by the Bank of England to intervene through “temporary purchases of long-dated UK government bonds from 28 September. The purpose of these purchases will be to restore orderly market conditions. The purchases will be carried out on whatever scale is necessary to effect this outcome”.
The UK pound was 1.4 per cent higher to $US1.0882 at 4.40pm in New York.
Mohamed El-Erian argued that the UK government should delay tax cuts and the central bank should lift its key rate before its next scheduled policy meeting set for November 4.
On Wall Street, all three major benchmarks rallied. Apple lagged, slumping after a report that it decided not to boost production of the “basic” iPhone 14 model.
The NYSE Fang + Index surged 3.1 per cent despite Apple’s drag. The VIX fell 7 per cent to below 30.18. Energy paced all 11 of the S&P 500’s industry sectors higher.
Oil advanced for a second day in part after US fuel inventory figures showed larger-than-expected drawdowns and a rebound in consumer demand.
In a note, TD Securities said “stars are aligning for oil bulls” though it’s still a bit early to place a long bet.
“While we believe the risks have tilted to the upside, the potential for an increasingly severe global slowdown, as central banks follow a hawkish path and a difficult technical situation, leave us unwilling to materially upgrade our longer-term crude oil view. But we would open to taking tactical long punts, should OPEC+ make firm and sizable commitments to cut oil production.”
Local: Job vacancies August; NZ September business confidence
Overseas data: Euro zone economic and consumer confidence September; US second quarter GDP annualised, Core PCE second quarter
ASX futures up 98 points or 1.52 per cent to 6558 near 7am AEST
AUD +1.3% to 65.21 US cents
Bitcoin +3.3% to $US19,605 near 8.05am AEST
On Wall St: Dow +1.9% S&P +2% Nasdaq +2.1%
In New York: BHP +3.4% Rio +2.8% Atlassian +1.7%
Tesla +1.7% Apple -1.3% Amazon +3.2% Netflix +9.3%
In Europe: Stoxx 50 +0.2% FTSE +0.3% CAC +0.2% DAX +0.4%
Spot gold +1.9% to $US1660.11 /oz at 3.21pm New York time
Brent crude +3.5% to $US89.25 a barrel
Iron ore -2.2% to $US95.50 a tonne
10-year yield: US 3.73% Australia 4.09% UK 4% Germany 2.11%
US prices as of 4.59pm in New York
Wedbush, bullish on Apple, said investors should not read too much into iPhone 14 production news.
“Our view is the headline of ‘not increasing production’ (about 6 million units) overshadows the underlying story for iPhone 14 Pro demand that is currently playing out in the field.
“iPhone Pro demand remains robust based on all data points we see across the US and China and is tilting towards a 85 per cent-90 per cent mix for iPhone 14 vs about 65 per cent with iPhone 13. This means much higher ASPs and a clear tailwind for Apple into FY23 at this pace.”
European shares gained on Wednesday, with the UK’s blue-chip index reversing losses after the Bank of England announcement.
The continent-wide STOXX 600 index was up 0.3 per cent after falling nearly 2 per cent earlier in the session as an intensifying energy crisis in the region and the relentless surge in global bond yields fuelled worries about a recession.
London’s FTSE 100 closed up 0.3 per cent after falling as much as 2 per cent.
On the STOXX 600, energy, healthcare and miners rose between 0.4 per cent and 2 per cent but were countered by a sharp fall in bank stocks and consumer staples.
Meanwhile, geopolitical tensions intensified as Europe investigated what Germany, Denmark and Sweden said were attacks on two Nord Stream pipelines at the centre of an energy standoff.
LPL Financial said it increasingly looks like OPEC and its allies will work to keep oil prices as high as they can.
“The stronger [US] dollar has exacerbated worries within the OPEC+ cartel”, LPL’s chief global strategist Quincy Krosby said.
The OPEC+ policy meeting on October 5 should be of particular interest for markets as members continue to suggest that the possibility of production cuts will be considered. Small production cuts for October, amounting to a modest 100,000 barrels a day, were announced at the September meeting as the oil cartel tries to maintain the higher prices it has recently enjoyed.
as a bear, am i fuk?
Maybe soon we get to see if the last remaining "good for gold +/ bitcoin" scenario is actually good for those assets.
Inflation raging and rates falling.
Edit: looked a bit more at the BoE thing and it is relatively small and targeted (<£65B to people who won't spend it). Hard to read much at all into it except that they still will buy distressed debt from important players when very necessary.
They could still hike next.
Still think the £ might be fuk though, more likely to see 10% down before 10% up. Bought some puts @ parity and some usdjpy in case dollar blinks first
God bless England. Destroying their economy to save the markets
Queens dead, they don’t want to go on living anymore
Can u blame them? What else did they have to live for? The weather?
Shout out to the lad who promised green day today by buying BBOZ in the daily yesterday
WITNESS HIM BROTHERS
Shiny and green!
Thats me... love you all ❤️
Fuck this fucking Kangaroo fucking market. The fucking VIX can fucking blow me fucking.
Contemplating life’s big issues…
When people insist on telling others to “dyor”, why do they have to yell about it ?
That’s the definite hint of anger issues right there…
Lel. Because anyone who you have to explicitly remind that hey...money is an important asset, and hey, perhaps think about where you're putting your wife's life savings before you YOLO it behind her back into ANL needs to be CAREFULLY AND LOUDLY REMINDED THAT MAYBE THATS NOT A FUCKKIN GREAT IDEA DARREN U FUKKIN GALAH PULL UR HEAD IN AND DYOR U IGNORAMUS PLEB
Um, because [Acronym](https://www.google.com/search?q=must+acronym+be+uppercase&rlz=1C5CHFA_enAU983AU984&oq=must+acronym+be+uppercase&aqs=chrome..69i57j33i160.8278j0j7&sourceid=chrome&ie=UTF-8)
How do you say it in your head? Deffo dior for me rather than D Y O R spelled out, so lower case dyor acceptable imo
ASN has got something today 🚀🚀🚀
Nice Ann Resource growing.
Everyone has been saying QE won’t get us out this time, yet the UK does it and markets go 🤑🤑
FTSE not going backwards is a win these days…
Gunna get me some B-double lessons - Beep, beep, beep, this vehicle is reversing. Beep, beep, beep, this vehicle is reversing. Beep, beep, beep, this vehicle is reversing.
Edit: misread. Personally, I won’t be backing up the truck…but go for it, friends.
12 month ban say's never happen? you in?
I thought that would be your answer! 🐈
u/Lonely-Cable-1495 did you buy any SYA the other day?
Yeah brought back in at 23c
Could be a good opportunity to put down any dogs today. Your dog-days will be over.
I can't afford the bullet for CYM.
Is it humane to use the back of a shovel?
We rising. The AFR says ASX to surge.
On Wall St: Dow +1.9% S&P +2% Nasdaq +2.1%.
it's so amazing how just a little glimmer of green and I'm ready to plow the 50% I pulled out back in and therefore **I'm ready to get hurt again**.
Market psychology. So fukn hard to overcome
Too early for me, still many unkowns
Markets are closed Monday? I call for a 2 day green rally market relief
Next market closed day is Xmas day.
I keep reading this but can see nothing to say market is closed
Public hol in Sydney which is the financial heart of this country, despite what they say in Melba.
I can't see the closure on ASX website...
So much hopium here 🧐🧐
Hopium is an alternative fuel to gains for my gambling addiction
Atleast it’s not sugma
I’m more of a ligma man myself
Bank of England is doing more....QE
🖨 goes bbrrrrrrrrrrrrrrrr
This can only end in smiles right?
Modern Monetary Theory eh
*shake* 🌳 💵
Oh yeah https://youtu.be/D4hAVemuQXY
Had a dream that I was standing over the hole that MAY was drilling and oil squirted up in to my face. Today is the day.
Enough DD here, pile in boys.
The earth looked down to you, and shat on your face.
I think you may have had a wet dream. Probably should wash the sheets
Reportedly AGL bringing Loy Yang A closure forward to 2035 (previously 2040 at earliest)
Announcement expected pre-open.
Recession for some
Miniature American rockets for others
Good news friends the crash has been cancelled, now everything rockets.
Chicken tenders for all, no spelling mistakes
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Will take your advises on board Bot
Seems OK to me.
Let's recover some of those paper losses! don't tell me it's a dead pussy bounce ... still getting pussy today ...tomorrow is another day
💚💚💚 All systems are go 🚀🚀🚀
Probably a dead cat bounce but can’t help laugh internally about the people who post how they sold everything because the markets are doomed.
Market's rebounding because of UK's amendment to their recent budget.
and like, since when did anything follow the UK? Never.
I don’t believe the US is solely linked to the UK economy
All markets are rebounding because people have got some confirmation that the central bank put is still here. Fed would likely do the same under that same circumstances. Can gets kicked down the road again.
Yeh it’s not exactly a long term viable option
I guess the "entrenched inflation is worse than the alternative" thing falls over a bit when the alternative becomes pension fund collapse instead of just a bunch of low income earners losing their jobs and overpriced homes mean reverting.
That said, this all feels pretty broken now (which means it'll probably run for a while)
Yeah exactly, pension fund collapse or help inflation to run is not a great choice but if it was as serious as I’ve read then you can see why the BoE took that decision.
How does this all end? Always thought the doomers/hyperinflation/Austrian crowd were a bit nutty, but there’s a (still small imo) chance they’re right. Fun times ahead either way.
Yeah no idea.
I think the electricity side has to eventually sort itself out, and then hopefully (and reasonably) we discover that we're stupid for even trying to calculate inflation ex energy.
Yeah things should be sweet once everything is electrified and we have practically unlimited energy (fusion? Dyson sphere?) to finally deliver on a socialist utopia. Until then things could still be a bit bumpy.
Re: energy and inflation, the book/lecture notes Energy Return on Investment by Charles Hall is by far the most interesting thing I’ve read about energy
I will clock on sometime in the afternoon to see how it is all going. No wish to buy or sell. Did my buying Monday and Wednesday.
US futures will turn red before open and ASX will ignore the positive overnight session
Already are lol
Do I go a fourth (green) pale ale... I think I will.
Suck that frothy liquid down ya gob
its 5am.......? u mad bru
I am not the Messiah, most likely a naughty boy.
What’s the best way to pickup exposure to electric cars and battery tech on the ASX?
In short, you don't.
You have to go to the NASDAQ, unless you want to pile into miners.
Buy a mix of EGR, QXR, MIN, FMG, SYA.
But yeah, I’m biased as fuck.
Buy the r/ASX_Bets ETF
ACDC is the easiest way to get exposure but that's sure to be different from the *best* way
heh - they said exposure to battery tech, not flea ridden dogs. avoid.
It's also a case of if you go through the comments of u/jswyft, they've done a breakdown of both ACDC and LIT on nasdaq. Both are owned by globalx, and both have some weird entries in them - you are possibly much better off going through what is in them, and deciding what you want to invest in separately.
As a holder of acdc can confirm
Very ho hum ETF
Lads (& ladettes), what are the main coal tickers to follow in the US?
Where's the best place to get some anl and asn a2m in Melbourne?
That costs extra
October is bear trap, right? RIGHT???
Usually October=beer tap
Qpm dfs would be nice
Oh wow, lithium new high.
>Oh wow, lithium new high.
Cue LTR to tank another 5% tomorrow.
NAB Equity Builder approved and setup with credit line for 500k, now its just time to wait for the blood in the streets to spill, panic selling and market capitulation. NDQ is already down 30% from ATH I'm sure it can do another 25%?
The Matrix would have left a different impression on history if Neo's internet handle was LUV2EATMILFASS
You take the red pill, and I show you how deep the booty hole goes
All the number scrolling sequences end with ascii pictures of dickbutt.
Can you even get speccys on Equitybuilder? I thought it had a restricted list of investment options
Approved ETFs and managed funds only. VDHG is about as high risk as it gets.
NZS and FIJ to the moon 🚀
If you sniff enough glue it’s 2020 again
Felt like reading some DD tonight. Oh wait , the degenerates on here post fuck all DD. All you do is shitpost and daily thread with the occasional mr.squiggle.
How am I supposed to get rich now!?
Did you not see Steve has a new job. That's DD . Pile in . Back up that truck, watch for instos and tree shakers. He's already tripled production since yesterday. Jeez, talk about leading a horse to water........
🤷 buy EXR?
When IVZ, when?
VML needs to pump 40% for me to break even .
Down over 22k ATM 🥲
Tis a bit painful. To average down or not is the question
You planning to continue holding?
Inflation will ease your losses brother.
QE in England. Atlantic lithium on the asx.🔋✅ , 🐻❌, 🚂✅,🛢️✅. Chinese Yaun up. Australian dollar down. Japanese yen down. Iron ore low. I wonder how to navigate this macro situation, very confusing and not at all easy. People writing priced in unironically.
Atlantic looking good again overnight on London exchange…
70c in a week
We didn't start the fire.
It was always burning.
And the world keeps turning
Coal is my friend
It's the only thing that keeps me warm at night during these dark times
Anyone have predictions/thoughts on how low VAS will get?
Low enough to make the likes of Markma and Frank prematurely ejaculate just by whispering the words… _bear market_
Can't see it going below $36, will go close though.
If the VAS gets close to $36 we won’t be worrying about the VAS.
Just go in dry ya reckon?
Ha ha ha fuck I lol’d
You realise that’s a 56% drop from today’s close right? 🤡
Talking about premature ejaculations...
Just my thoughts,don't call me Shirley!
Very good dad.
If it goes near $40 im putting the house on it!
If it goes near $40 you probably already lost the house!
Stonktober can't get here quick enough.
Sure, but I'm not looking forward to NOPEvember or Dismembered.
Fresh records for Chinese lithium carbonate spot prices this week:
* ¥509k/t across 8 LFP grade markets (exceeding last week's ¥501k/t ATH)
* ¥525k/t across 9 battery grade markets (exceeding last week's ¥520k/t ATH)
The ASX has passed judgement on A11, which means the value breakdown of SYA & PLL could *very arguably* be:
|**SYA ($1.9b)**|**Project Value**|**PLL ($1.6b)**|
|\-|$340m|16% of SYA & 10% of A11|
||$0m|North Carolina 225ktpa|
|Exploration tenements: lithium, gold, graphite|$100m|\-|
I'm struggling to follow the logic there.
CXO's AFR article got mentioned in the daily, and it would surprise me least if Yahua were selling down. That's because CXO aren't pursuing a long term relationship with them (nor Ganfeng actually, but GF have more money). CXO's plan is to cancel those offtakes after their expiry in 4 years and pursue their own hydroxide (so they'll become a rival of Yahua & GF). With that in mind, the 2 Chinese companies have more or less gotten all they can out of CXO, which is one of the reasons I'm still harboring some skepticism about how improved that Yahua ceiling is.
CXO can definitely turn their fortunes around with a big resource expansion, but that'll take time. Obviously my previous expectation of CXO was selling spodumene during the peak while getting an expansion built quickly. So the DSO + commissioning delay has hit then twice as hard: missing a valuable 6 months of peak pricing and pushing out the timeframe on a larger operation.
LLL has been getting flogged too. The most obvious relief I can see on the horizon is that 50km drilling campaign for a resource expansion. They've already got a great one, but if they can get themselves firmly among the biggest deposits in the world, it *might* steady some nerves.
US financial year ends in a few days, but I've no idea if it'll make a difference.
I'm fairly new here but JSwyft makes me horny
LLL's pullback from 80c hit my stop loss.
I'm tempted to buy back in if it hits 55c
Scott MacMillan has a bad case of Schrödinger's gas
Podcast 'The art of manliness' had an episode recently titled: 'data backed answers to personal finance controversies'
Listened to it on the way to and from work today, it gets a slow start with the ausfinance bullshit about making more money, but slowly went into some interesting hopium discussion involving some numbers.
Pretty sure he said something about speculative stocks not being asset producing - but I ignored that part and pretended I was focusing on the traffic.
What was the hopium content?
Just keep buying
When people are complaining about open the money printer again. Bank of England just announced they are starting the printer…
Unfunded tax cuts and print more paper… That’s being rather courageous prime minister (Oh this reminds me of Yes minister)
I just watched a full story on this, it’s not QE, not money printing. Google sky news story about it.
Fuck sky news
England r fuk
That’ll teach em for stealing our potatoes back in the day.
Look at all those commods green 🙂
Load up on Orange Juice 🚀
Bullflation letz go!
The hopium I need
I'm a HODLer through and through but just practicing my crusty kennel nomenclature here.
Finishing Septembear we move on to Ocnober, No-member, Descentber, Januscary, Fearbruary, Marsh, April Fool, May not survive, Dark side of the June and Ju-lie. Then we arrive at August for which I'm stuck so it's blues skies, easy peasy rocket time.
Marsh 😂 so simple and perfect
Ore-gust brother. Lessgo baby
i think its easier just to go septembear, octobear, novembear, decembear, januarybear, febear, marchbear,aprilbear, maybear, junebear, julybear, augustbear
Nice to see you back sunshine.
Now this is a trading strategy I can get behind.
Just saw BoE start the money printers again. British inflation to the moon.
Link please. Google is no help
Try cnbc. Right on the front page. Absolute economic suicide. Might have felt that they had no choice after the UK mini budget blew up.
Yeah found it after multiple google attempts. Not sure why it was so hard to find 😂
Boss energy has money printers ?
Why the fuck are they planning on mining uranium then?
took me a while.....;)
Futures turning green after Bank of England announced they are buying long term bonds to stabilise the bond market. QE back on the menu, kind of....
England really are trying to navigate this in a unique way lol