Morning all,

Hope you all enjoyed my James Bond rant on Friday(if you read it that is!)…this is our last week as Cameron Stockbrokers as we move next Monday over to BBY. For the time being my phone and email will remain the same but gradually they will be phased out..I will send out my new contact details later this week. I am looking forward to a new home at BBY as they have more products to trade including options and futures together with CFDs for those that have no excitement in their life! Another plus is the research and corporate deal flow and their superior systems which will make everyone’s life much easier..so all in all good news for all..

Slightly positive start expected …any pullbacks at the moment are buying opportunities…Good US employment numbers eased the case for QEIII but it’s still there lurking beneath the surface…Gold suffered as a consequence and expect a pullback in Gold shares..I repeat my view that Gold will hit 2000 by Xmas and so gold stocks should be front and centre of shopping lists on any pullbacks… you know my favourites but if not just let me know and I will send you a list.

China back from their holidays this week…here’s a picture of a quiet holiday week Chinese style!!

Few numbers out from these guys this week..with HSBC PMI number out today…US beige book as well on Wednesday and PPI Friday..

Quiet start to the week but we have had 7 straight rises in a row…been a long time..volume still rather anaemic but you can’t have everything..where would you put it!

Idea of the Day.

 

 

Things to make me go all Gutless Merc! Good name for a Band….Alan Jones hoping for a better week!!

1.Billabong investors face a nervous wait to see whether suitor TPG will abandon or revise lower its potential $695m bid for the retailer, with analysts warning of a further sharp selloff of its shares if the private equity firm walks away. If they fall any further, time to accumulate I believe!!!

2.Bank of QLD chief executive Stuart Grimshaw was forced to make a shock disclosure last week that the bank had not set enough money aside to cover loans at risk of default.

3.Negativity about the Australian economy has pushed the dollar to a three-month low, despite the release of better than expected US jobs data.If you check out my blog on www.beeksdownunder.com you will find an article on the Wile E Coyote Economy we have at the moment.

4.‘Moaning Mertle’ will spend 6 hours in Athens guarded by 6,000 Greek policemen…that’s virtually the entire Athenian Police force protecting her…good time for a robbery if there was any money left in Greek banks…Jeremy Irons is getting ready as we speak..

5.The U.S. unemployment rate fell to 7.8% in September, the lowest level in more than 3½ years, from 8.1% in August. Payrolls increased by 114,000 with private companies adding 104,000 jobs. Meanwhile U.S. factory orders fell 5.2% to $452.81 billion in August, the largest drop in more than three years, as demand for aircraft and cars declined.

6.The Queensland government will sell off its remaining $1.5 billion stake in QR National, saying it has got taxpayers’ interests at heart.

The government says the deal involves the sale of $1 billion of shares via a selective buyback to QR National and a $500 million placement to a small number of cornerstone investors.

7.Glenn Stevens tipped for a tilt at the BOE job..good luck there…big pay cut and he might have to do something!!

8.Chelsea win again as Messi and Ronaldo ensure a Classic El Classico! Windies win the T20 and the Aussie Girls win the T20 for women!!

And finally…..

A circus owner runs an ad for a lion tamer and two young people show up. One is a good looking guy in his mid- twenties and the other is a gorgeous blonde about the same age.

The circus owner tells them, “I’m not going to sugar coat it. This is one ferocious lion. He ate my last tamer so you both better be good or you’re history. Here’s your equipment – a chair, a whip, and a gun. Who wants to try out first?”

The girl says, “I’ll go first.” She walks past the chair, the whip and the gun and steps right into the lion’s cage. The lion starts to snarl and pant and begins to charge her, so she throws open her coat revealing her beautiful naked body.

The lion stops dead in his tracks, sheepishly crawls up to her and starts licking her ankles. He continues to lick her calves, kisses them, and then rests his head at her feet.

The circus owner’s mouth is on the floor. He remarks, “I’ve never seen a display like that in my life.” He then turns to the young man and asks, “Can you top that?”

“No problem,” replies the young man, “just get that lion out of the way.”

 

Have a good day

Clarence

XXX

Any financial product advice contained in this email is general financial product advice only and does not take into account any one person’s objectives, financial situation or needs. Therefore, before acting on any financial product advice in this email, you should consider, with or without the assistance of an independent adviser, the appropriateness of the advice, having regard to your objectives, financial situation and needs.