, , , ,

Morning all


Still here? Phew that was close. Two near misses in a few days,first Crimea and then the asteroid that passed the Earth this morning. Seems strange that we spend more money on movies about asteroids than the program to actually track them. NASA didn’t know about this one til a week ago. Too late to send Bruce Wiliis and Ben Affleck up to make sure it missed!!!Maybe Clooney was up there someone with his retro rockets steering it away from Sandra!Anyway as with the storm in the Black Sea cup nothing to see here. Even the sanctions will be pretty pathetic against Russia. It is hard to sanction a country that you depend on 30% of your energy supplies to and they all know it. The one real way to stop RasPutin is to hurt his backers. The mega wealthy Russian that support him would just love it if a little financial pressure was brought to bear on their assets.

images beach

Anyway its over peeps, nothing to see here. Move on. The bigger issues for us down here in Gregory Peck/Ava Gardner land are the budget deliberations of our closest friend and trading partner China. That and the local economy which despite Uncle Joe still trying to scare us into voting for the coalition (we have done that guys, you now have to govern) isn’t going too badly. The reporting season was fine, lots of goodies for shareholders and lots of tax for Joe, the world is recovering in a patchy fashion and despite all the doomsday merchants China is hanging in there with a terrible GDP growth of 7.5%. Rates are low and dividends are high. Where else do you put your money? You could play the try to buy a house in Sydney or Melbourne…good luck with that! Or there’s the stock market?

Expect some profit taking in our market today as we hit a post 2008 high yesterday. Good to see the resources and the banks coupling…bout time…Gold was up overnight so that may help sentiment a little but we focus so much on gold and iron ore we forget about other metals…Nickel has been on a thingy tearer so has zinc

Idea of the Day

Nickel has climbed to a nine-month high on worries about an Indonesian ban on ore exports Three-month nickel on the London Metal Exchange hit a high of $US15,345 a tonne, its highest since June last year,

Zinc hit an intraday high at $US2143.50 a tonne, the highest since a year ago, before coming off the peak and ending down 0.24 per cent at $US2116. ”

Few Nickel stocks that have performed well …Western Areas, Sirius Resources and Panoramic Resources.

Zinc stocks…not that many I am afraid but nice to know its not all about Gold and Iron Ore isn’t it!

Nice to see my little DNA hit 1.30 yesterday and Yowie..wowie!!!Hope some of my readers were buying through etrade or commsec

Now as some of you are aware I have been a big fan of Mortgage Choice and have made clients a lot of money in this one…it’s a simple business they flog mortgages in a bull market, have a massive book now which gives them good stability of earnings and as long as the banks are fighting for ways to sell us money then these guys will do well..likewise I suspect that iSelect will do well..have been talking about them and meeting with them soon but it’s a bit like MOC really except they have quirkier ads and are online..lower costs?Anyway the point is these guys flog products through channels the insurance companies don’t have and have built a big book of trailing fees..you cannot tell me its not competitive to flog these things..and sites like iSelect do well…there are those Meerkat people but those pretty much have it to themselves..amazing how a boring business like insurance has all these fun and quirkly ads!!Anyway they have suffered since IPO ..maybe that will change..dividwnd would help!!

Things to make me go mmmmm!

News today that Schapelle Corby has locked herself in her toilet as she hallucinates about the media scrum..actually wishes there was one…talk about desparation to keep this story alive…apparently she reached for a knife in a meeting and it was considered a suicide attempt..nothing to do with the toast she had in her hand or the butter nearby!!

Gotta love our media…jobs losses are front page, blazened across every headline, especially QANTAS but the 16,000 new jobs that Coles is going to provide over the next few years barely raises a by line…its good news. Lets stop talking ourselves down. Plenty of other countries will!

Pretty scary watching our Treasurer live yesterday. He looked like a bunny in the headlights and so out of his depth! Every question about the plans for QAN was greeted with tired old slogans and motherhood statements. Not sure if these guys have any idea what they are doing. My faith in Canberra has been sorely tested in the last few years. And where is Malcolm to save us from this turbulent Priest eh? Off to the Cathedral with some knights mate before its too late!

More disappointing numbers out of the US overnight blamed on the weather. Jobs and ISM not so flash. February’s jobs gain was put at +139k versus an expected +155k whilst January’s solid reading of +175k was revised sharply lower to just +127k.

ISM Services Collapse To Lowest In 4 Years; Employment Worst Since Lehman…all good? Ah it’s the weather, right?

And they tried so hard on a volume less day to get the Dow up


Gotta love bankers!!!481 Barclays Employees Paid Over 1 Million Pounds In 2013, Increase Of 53 From 2012 Despite Losses, Mass Layoffs.

Now Uncle Ben is free to talk a real language on the lecture circuit (for $250,000) rather than Fed Speak, he has bragged he nailed the GFC except he underestimated the effects of the sub prime market and thought the slowdown would be moderate.Yup, absolutely nailed it..well the slowdown was for him!!!

David Jones: is expected to postpone merger talks with Myer Holdings for another two weeks until both ­department stores have released interim profit results. As pressure from shareholders to engage in merger talks eases, David Jones believes it will be in a better negotiating position once it and its rival have released sales and earnings results for the six months ending January.

GOOD NEWS WARNING !!!!!!Coles is stepping up capital investment to drive a new phase of growth, unveiling plans to invest $1.1 billion over the next three years building 70 new supermarkets and ­creating more than 16,000 jobs.

Rex Minerals: has raised $12.6 million in a two-tranche placement at 40¢ per share to institutional investors for working capital, ahead of a major financing and debt package later this year for its $850 million Hillside copper project in South Australia.

Apparently according to the Leprechaun at Qantas the airline is now in great shape. Yesterday it was on the verge of oblivion due to the Carbon Tax, the mining tax and Sunday penalty rates! Now its fantastic! Joyce’s days are numbered. Just trying to sort his parachute out. Not sure any flight attendants will offer him one!!!None left!

And finally…thanks Hans…

We had a power outage at my house this morning and my PC, laptop, TV, DVD, iPad, ham radio & my new surround sound music system were all shut down.

Then I discovered that my iPhone battery was flat and to top it off it was raining outside, so I couldn’t play golf.

I went into the kitchen to make coffee and then I remembered that this also needs power, so I sat and talked with my wife for a few hours.

She seems like a nice person.

Have a great Thursday




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