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Morning all,

Looks like Obama has had his thunder stolen…Russia is now pushing ahead with their (and John Kerry’s accidental plan) to take control of Syria’s chemical weapons..so let the games begin…it’s called Hunt the Sarin!  Still with war receding off the US agenda and very positive Chinese economic numbers, the bears got whacked hard. The Dow surged, Zombieland surged, Gold fell, oil fell and the Aussie Dollar moved higher(my target is still 94…nearly there). Expect some buying again today in the resource stocks as the rumours of a Chinese crash landing seem to have been exaggerated.

Thunderbirds-whatever-happened-to-30965915-1600-1200

Equity Markets are go!!

Expect another good day on our market..have stated that I am cautious and was advocating buying some protection. Still happy with this strategy. Let’s face it no one really wants to claim on their insurance …but it’s nice to have it..If you are holding stock and you buy some protection the gains on the stock should outweigh the losses on the protection.. you may not make as much but you will sleep sounder..

So 5250 today perhaps…previous 2013 high breached…risk on Grasshopper…still got some issues to work through..US is fast approaching its debt ceiling,Sept17-18th Fed Stuff out..new Fed Chief TBA, German elections,’Taper Tantrum’ to come and Italian Government in disarray but the World, five years on from Lehmans, is healing..even Zombieland is getting slightly better…slowly but surely not spectacularly but it is happening…

I remain positive on the market,happy to have some protection and enjoy the ride whilst the insurance helps me sleep a little better…

And 12 years ago today we saw what Black Swan events look like when Terrorists murder innocent people…

Idea of the Day

Yesterday our PNG conference was very well attended. Few interesting ones presented but the two that stood out are KPL and OSH…lots happening in PNG and KPL look to be in some seriously good ground with a good program coming up..certainly one to watch out for …Tingu 1 should be an interesting well and just spudded..impressive and very enthusiastic management…speculative buy.

The other one was OSH which are rapidly moving from Doro the Explorer, through Bob the Builder and thence to serious producer(tried to find something that worked with producer but didn’t happen!) Will pay dividends and production is ramping up rapidly. They also spend a lot of time and money on community relations and helping the people of PNG..very noble and a very good investment. Again a buy!

Ramp up continues

Ramp up continues

The Ramp up in OSH!

Things to make me go mmmmm!

Figures from China suggest the rest of the World is buying stuff again!!Electricity demand up 13% year on year, factory output up 10% and exports up 7%.

BG Group has pushed an expansion of its $US20.4 billion ($22bn) Queensland Curtis liquefied natural gas plant further down its list of growth options, flagging earlier targeted approval of two North American LNG projects and one in Tanzania. Approval of a third production train at QCLNG, where the two-train project under construction at Gladstone is forecast to start exporting next year, no longer has a targeted timeframe.Further evidence of our uncompetitiveness!!!

STRUGGLING rural services company Elders is set to axe about 150 jobs or 10 per cent of its workforce, as it reorganises its business and reduces debt. Chief executive Malcolm Jackman says the jobs will go from across the company.

And why somethings are best left to the private sector perhaps?.. Telstra has begun trials of a new mobile technology that can reach download speeds up to nine times faster than what the Coalition’s national broadband network will deliver to most homes and businesses. According to a Telstra strategy briefing obtained by The Australian Financial Review the company plans to use a technology called “carrier aggregation” to deliver peak mobile download speeds of 450 megabits per second in certain conditions.

The Chinese stock market has now moved into Bull country having risen 21% since June 4th…we have rallied nearly 12% since the removal of Jules and Kev13 in the lodge..think what we could achieve now that the Lycra kid is now here to save us.

Shipping rates for Iron Ore to China are knocking on a three year high.. Freight swaps anticipate daily rates for Capesizes, the biggest ore ships, will average $28,875 in the fourth quarter, or 14 percent more than now, data from Clarkson Securities Ltd.and the Baltic Exchange in London show….still like AGO!!!!

Ever noticed how spellcheck continues to change Obama to Usama…conspiracy theory? Maybe US President should be concentrating his energies closer to the 47m people on food stamps in the US

Miley Cyrus’s dad must have an achy breaky heart watching his daughter at the moment!

How does a $739 iPhone constitute a cheap no frills phone..are these guys for real!!Sorry Apple but if that is the best that you guys can come up with you have problems… mean coloured iPhones..really? Cant people just buy a cover …big fail boys…take a look at Blackberry and Nokia to see what happens when you start to lose dominance. Make mine a Galaxy from now on!

And finally…………thanks Hans..keep em coming…

Bob, a 70-year-old, extremely wealthy widower, shows up at the Country Club with a breathtakingly beautiful and very sexy 25-year-old blonde-hairedwoman who knocks everyone’s socks off with her youthful sex appeal and charm and who hangs over Bob’s arm and listens intently to his every word. His buddies at the club are all aghast.

At the very first chance, they corner him and ask, ‘Bob, how’d you get the trophy girlfriend?’

Bob replies, ‘Girlfriend? She’s my wife!’

They are knocked over, but continue to ask. ‘So, how’d you persuade her to marry you?’

‘I lied about my age’, Bob replies.

‘What, did you tell her you were only 50?’

Bob smiles and says, ‘No, I told her I was 90.’

Have a great Wednesday

 Clarence

XXXX

 

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

Get a Global take on things at www.ntmarkets.com

Get a Global take on things at http://www.ntmarkets.com

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