Stock Market Thread

Australia Sucks

Agnostic
Heritage
Hopefully we'll have enough breadth for an Australian Stock Market thread again.

Actually now is a good time to invest in Australian stocks. Due to not being so tech heavy like the U.S. bargains abound on the ASX at the moment. A lot of energy and resources companies are looking very undervalued as are many small caps.
 
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Actually now is a good time to invest in Australian stocks.

Are you not seeing a longer turn-down coming? With the extent of recession signals (US) that are at levels you'd expect at the bottom of a recession before one has started - it seems inevitable to me. Unless they have schemes undreamed of ready to go, such as rescuing bad debts with ~0% emergency loans, while leaving general rates higher.
 
I think a minor recession downturn is coming (if we aren't in the middle of it already) however I am not expecting a major crash until around 2026 (see the 18.6 year land cycle theory that guys like Fred Harrison, Fred Folvary, etc talk about). The U.S. stock market is overvalued due to the flight to safety effect and also having the worlds biggest hot tech stocks there.

However many other stock markets around the world are slightly depressed and already pricing in a mild recession (as we all know markets are forward looking). So if the recession is a mild one I do not think non U.S. stocks will suffer too much. However if the recession is severe that will be a shock to markets and will be accompanied by another major leg down, however I think that is unlikely.
 
Are you not seeing a longer turn-down coming? With the extent of recession signals (US) that are at levels you'd expect at the bottom of a recession before one has started - it seems inevitable to me. Unless they have schemes undreamed of ready to go, such as rescuing bad debts with ~0% emergency loans, while leaving general rates higher.
I hear you, truly. I thought the debt crisis was hideous even in the 00's and that there'd be some sort of reckoning. Then in 2017 I was certain it was coming. The market dipped one day in Feb 2018 and I thought I timed everything perfectly. Then it turns out I was wrong and the covid mess accelerated returns.

But also it looks like our chosen method to tackle that is simple: inflation. So... don't fall into that trap:



Dollar cost averaging into some mega-indices makes sense to me. Set some amount like 10% of your income into one or more of these and forget about it:

Likely highest return IMO:

A bit less risky but still US focused which doesn't appeal to many here as we have a negative view of the West:

Probably the safest bet, as if China and others grow, you're hedged:
 
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But also it looks like our chosen method to tackle that is simple: inflation. So... don't fall into that trap:
I like it when videos come out like this because it, I believe, makes it more likely that the good ol' days are approaching their end. Now, that doesn't mean that investing to save purchasing power isn't what one should do, but I'd wait in cash like many savvy businessmen are, because a big recession and downturn is coming. As I like to say, "this time is different" - in a really bad way. We've never had these types of valuations, central planning, debt, the bond market is switching to a secular bear ... it's setting up for a disaster for passive and positive people.

I'm not buying it until it goes back to the trend line of inflation, which is more fairly valued at something like S&P 3200.

I personally believe the commodity bull cycle will start also, but one should likely wait until the recession is announced (likely obvious soon and admitted by March), because recessions always bring commodity prices down.

I've been early, but I would argue not all that wrong, as the powers that be already wrecked the banks with SVB but were able to save it, and that is still a HUGE issue. If I'm early on that and it's coming anyway, I don't find a year early or so to be "wrong" at all.
 
I like it when videos come out like this because it, I believe, makes it more likely that the good ol' days are approaching their end. Now, that doesn't mean that investing to save purchasing power isn't what one should do, but I'd wait in cash like many savvy businessmen are, because a big recession and downturn is coming. As I like to say, "this time is different" - in a really bad way. We've never had these types of valuations, central planning, debt, the bond market is switching to a secular bear ... it's setting up for a disaster for passive and positive people.

I'm not buying it until it goes back to the trend line of inflation, which is more fairly valued at something like S&P 3200.

I personally believe the commodity bull cycle will start also, but one should likely wait until the recession is announced (likely obvious soon and admitted by March), because recessions always bring commodity prices down.

I've been early, but I would argue not all that wrong, as the powers that be already wrecked the banks with SVB but were able to save it, and that is still a HUGE issue. If I'm early on that and it's coming anyway, I don't find a year early or so to be "wrong" at all.
For sure there are questions around allocations. You must have some cash.

I think that pausing on your dollar-cost-averaging is one thing, but if we don't get a market crisis but another asset inflation cycle, I wouldn't want to be sitting fully on the sidelines of the capital markets, e.g. when the Venezuelan stock market surges due to inflation.
 
Review of 2023 Stock Picks looking forward in 2024.

In Autumn 2022 I bought a research report on the most undervalued storied stock in the world. Literally. Rolls Royce Engines.

US ADRs ticker RYCEY.

Unlike US Aerospace firms managed by MBA bean counters for maximum profits and minimum costs (Doors blowing off an Alaska Airlines Boeing 737 Max 9 in bloody midflight due to a "Door Plug and Loose Bolts" WTF OVER - didn't they solve this problem in the 1960s with the first passenger Jets???).

Unlike the incompetent Boeing company that fired most of their best engineers in favor of cost savings analysts... Rolls Royce Holdings still puts a high value on cutting edge engineering and services.

Rolls Royce pioneered AI 7x24x365 Jet/Turbine Engines continuous monitoring and immediate proactive support using the Microsoft Cloud and AI services. This allowed Rolls Royce to pivot from selling the engine and then trying to secure maintenance contracts... to selling a service agreement based upon hours of flight time rate per engine that the airlines love (Less high-priced Airframe and Powerplant mechanics required on Airlines Bloated Payrolls) and that have a financial benefit to Rolls Royce of doubling Revenues per engine over the service life of that engine. Rolls even made these engines more modular in design - if the AI Analytics indicated a repair is required the engines can literally be swapped out between flights in a qualified maintenance hangar location.

Things were clicking on all cylinders for RR until the WuFlu hit and shut down all of RR's Airline Customers and the Stock Revenues and Price Collapsed.

RYCEY became a classic Crash Recovery Stock (Pun Intended).

The report I purchase indicated RYCEY is a Buy below $2 USD and a 5 year target of $50+ USD with the expected explosion (Puns out of control) in Global Air Travel (Preferably no exploding RR Engines). RR being British is a pioneer in Green Engines Tech - Fuel Efficient Powerful Jet Engines, Electric Aeroplane Speed Records, Marine Hydrogen Engines, SMRs Small Modular Reactors with Steam Turbines to generate actual base load power across the UK and Europe (Maybe not the Nuclear Energy hating German Green Weenies).

Big Picture:

Major Bold White Support and resistance levels (Coincide with major Fractal Waves turning points), Minor wave thin white) and ATL Bold Yellow, ATH Bold Orange, with projected right Green 5 Wave Up on the Right-Hand Side corresponding to previous major support and resistance levels:
1704910802289.png

Note the Pitchfork Tool is simple - take the absolute Swing Low as a base point of the center Red RMS line and the next point to a swing high and the third anchor point to a swing low and you get a 5-tine pitchfork trend channel that intersects major and minor previous resistance and support levels all correlated to Fibonacci Extension and Retracements maths.

Closer look 2023 and 2024:

RYCEY Swing low of $0.71 26 Sept 2022 rising in 3 major fractal waves to $3.97 High on Monday 18 December 2023 with a 4th wave retracement target of .382 (Inverse Golden Ratio) to 3.11 range to .382 of waves 1 through 3 back to $2.72 (Center Fibonacci Retracement Ladder from Top Wave three to bottom start wave one). I bought in 2022 at $0.98 per RYCEY ADR share, sold at $3.20 to capture 2023 profits and am planning to buy back in on the 4th Wave $3.11 to $2.72 range this time for a buy and hold of at least 2,000 RYCEY ADRs shares for the 5-year ride up to $50.00 USD +/-. Also have a portfolio of other Covid Correction Shares and Speculative AI/Robotics, Gold/Silver Miners, Uranium Miners (for Base Load Energy Legacy and New SMR reactors electrical generation.) Also keeping an eye on Dr. Steven Greer new Research Labs "Lost Century" Zero Point and Quantum Vacuum of Space energy technologies.

Fido reports RYCEY today at $3.88 USD up 296%. NOTE YMMV this is NOT Invesment Advice, ONLY INVEST FUNDS YOU CAN AFFORD TO URINATE AWAY ON DRAFT KINGS OR FAN DUEL 50/50 BETS. I refuse to load those two apps as I believe in Support and Resistance, Fractal Waves with Fibonacci Extensions and Retracements Maths enhanced by truthful fundamentals i.e.; Rolls Royce Holdings Engines, Tech and Reactors actually Trumps DUMB LUCK.

1704911630131.png
 
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Review of 2023 Stock Picks looking forward in 2024.

In Autumn 2022 I bought a research report on the most undervalued storied stock in the world. Literally. Rolls Royce Engines.

US ADRs ticker RYCEY.

Unlike US Aerospace firms managed by MBA bean counters for maximum profits and minimum costs (Doors blowing off an Alaska Airlines Boeing 737 Max 9 in bloody midflight due to a "Door Plug and Loose Bolts" WTF OVER - didn't they solve this problem in the 1960s with the first passenger Jets???).

Unlike the incompetent Boeing company that fired most of their best engineers in favor of cost savings analysts... Rolls Royce Holdings still puts a high value on cutting edge engineering and services.

Rolls Royce pioneered AI 7x24x365 Jet/Turbine Engines continuous monitoring and immediate proactive support using the Microsoft Cloud and AI services. This allowed Rolls Royce to pivot from selling the engine and then trying to secure maintenance contracts... to selling a service agreement based upon hours of flight time rate per engine that the airlines love (Less high-priced Airframe and Powerplant mechanics required on Airlines Bloated Payrolls) and that have a financial benefit to Rolls Royce of doubling Revenues per engine over the service life of that engine. Rolls even made these engines more modular in design - if the AI Analytics indicated a repair is required the engines can literally be swapped out between flights in a qualified maintenance hangar location.

Things were clicking on all cylinders for RR until the WuFlu hit and shut down all of RR's Airline Customers and the Stock Revenues and Price Collapsed.

RYCEY became a classic Crash Recovery Stock (Pun Intended).

The report I purchase indicated RYCEY is a Buy below $2 USD and a 5 year target of $50+ USD with the expected explosion (Puns out of control) in Global Air Travel (Preferably no exploding RR Engines). RR being British is a pioneer in Green Engines Tech - Fuel Efficient Powerful Jet Engines, Electric Aeroplane Speed Records, Marine Hydrogen Engines, SMRs Small Modular Reactors with Steam Turbines to generate actual base load power across the UK and Europe (Maybe not the Nuclear Energy hating German Green Weenies).

Big Picture:

Major Bold White Support and resistance levels (Coincide with major Fractal Waves turning points), Minor wave thin white) and ATL Bold Yellow, ATH Bold Orange, with projected right Green 5 Wave Up on the Right-Hand Side corresponding to previous major support and resistance levels:
View attachment 3700

Note the Pitchfork Tool is simple - take the absolute Swing Low as a base point of the center Red RMS line and the next point to a swing high and the third anchor point to a swing low and you get a 5-tine pitchfork trend channel that intersects major and minor previous resistance and support levels all correlated to Fibonacci Extension and Retracements maths.

Closer look 2023 and 2024:

RYCEY Swing low of $0.71 26 Sept 2022 rising in 3 major fractal waves to $3.97 High on Monday 18 December 2023 with a 4th wave retracement target of .382 (Inverse Golden Ratio) to 3.11 range to .382 of waves 1 through 3 back to $2.72 (Center Fibonacci Retracement Ladder from Top Wave three to bottom start wave one). I bought in 2022 at $0.98 per RYCEY ADR share, sold at $3.20 to capture 2023 profits and am planning to buy back in on the 4th Wave $3.11 to $2.72 range this time for a buy and hold of at least 2,000 RYCEY ADRs shares for the 5-year ride up to $50.00 USD +/-. Also have a portfolio of other Covid Correction Shares and Speculative AI/Robotics, Gold/Silver Miners, Uranium Miners (for Base Load Energy Legacy and New SMR reactors electrical generation.) Also keeping an eye on Dr. Steven Greer new Research Labs "Lost Century" Zero Point and Quantum Vacuum of Space energy technologies.

Fido reports RYCEY today at $3.88 USD up 296%. NOTE YMMV this is NOT Invesment Advice, ONLY INVEST FUNDS YOU CAN AFFORD TO URINATE AWAY ON DRAFT KINGS OR FAN DUEL 50/50 BETS. I refuse to load those two apps as I believe in Support and Resistance, Fractal Waves with Fibonacci Extensions and Retracements Maths enhanced by truthful fundamentals i.e.; Rolls Royce Holdings Engines, Tech and Reactors actually Trumps DUMB LUCK.

View attachment 3701
How much is Rolls Royce paying you
 
Oh I am assuming you’re from Australia. If youre in New Zealand and made the name “Australiasucks” that would be even funnier. It would be like if I changed my babe to “Mexicosucks” or “Canadasucks “(I am an American)
 
Interesting perspective regarding why Uranium <Mining> Stocks glowing red hot right now...



All prices in USD 2PM 12January 2024

URNM SPROTT URANIUM MINERS ETF Last Price $56.62 Cost $39.23 UP 44%

URA GLOBAL URANIUM ETF Last Price $31.51 Cost $23.44 UP 34%

SASKF ATHA ENERGY CORP Last Price $1.02 Cost $0.90 UP 14% (Purchased after the Mark Moss Video)

GLDG GOLDMINING INC (Major Producing Gold and Uranium Mines) Last Price $0.88 Cost $1.00 Down 11.4% (Time to DCA???)

TRCTF TRACTION URANIUM CORP ... WARNING THIS IS A TOTAL SPECULATION URANIUM Exploration Company Up in the Canadian Wilderness
Bought 2,000 shares at $0.14 USD and DOWN to $0.0989 USD Down 29% TOTAL however back up 2% This week -
Is this a new Bottom and good entry to DCA in or did these Traction penny stock guys make tracks for Vegas during the Cold
North Canadian Winters. Latest News clips:

Traction Uranium Announces Mobilization of Gravity Crew to Hearty Bay Project
Jan 8, 202408:00 EST
CALGARY, Alberta, Jan. 08, 2024 (GLOBE NEWSWIRE) — Traction Uranium Corp.
TRAC
(OTCQB: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) a uranium exploration company with projects in Saskatchewan’s Northern Athabasca Basin, is pleased to announce mobilization of a gravity crew to the company’s Hearty Bay Project.

Traction will be conducting a gravity survey on Hearty Bay prior to diamond drilling to maximize targets for this winter’s program. The Hearty Bay Project is an ice-road program and suitable ice thickness must be achieved prior to mobilizing drilling equipment over the ice. The gravity survey crew is currently mobilizing to Fond du Lac as ice thickness is enough to allow snowmobiles to access the project.

Nov 2, 202303:01 EDT
CALGARY, Alberta, Nov. 02, 2023 (GLOBE NEWSWIRE) — Traction Uranium Corp.
TRAC

TRCTF
(FRA: Z1K) (“Traction”) and Forum Energy Metals Corp. (TSX.V: FMC; OTCQB: FDCFF) (the “Company” or “Forum”) are pleased to announce they have completed an initial review of an airborne magnetic, electromagnetic (EM) and radiometric survey on Forum’s 100%-owned Grease River Project, located along the north rim of the Athabasca Basin, Saskatchewan. The survey was conducted over the entire Grease River claims totaling 10,528 hectares along the Grease River Shear Zone (Figure 1).

Traction Uranium and Forum Energy Metals Identify New Conductive Trends from Airborne Geophysical Survey on the Grease River Project, Athabasca Basin.

ICE ROAD TRUCKING AND FLYING MAGNETIC AND RADIOMETRIC DETECTORS AROUND THE ATHABASCAN WILDERNESS?????

Call me crazy but this Traction TRCTF Junior Uranium Mining Explorer is now less than one thin DIME per Share and I am tempted to add 1,000 more shares for less than the price of a box of Spicy Nicaraguan Hand Rolled Cigars... Got to PAY (DCA) to PLAY.

Russian proverb "You must take RISKS if you vant to drinck Kchampain Dahrlinks!"

Maybe I'll just wait and hold on TRCTF and buy more SASKF shares that are at least moving up now.
 
Just put in a Day limit order at $1.00 USD for more SASKF Shares (Bid 0.99 Ask $1.02).
 
Just put in a Day limit order at $1.00 USD for more SASKF Shares (Bid 0.99 Ask $1.02).
SASKF Limit Oder just Filled at $1.00 per share and also noticed the URA ETF just paid a Crazy $1.68 USD Dividend PER ETF SHARE (Fido says they pay on the half year) but the previous Dividend was only a nickel or $0.05 USD. Will have to see if ChatGPT can figure out why URA pumped their dividend so much higher??? Otherwise have to dig through SEC reports...
 
Interesting Daniela Cambone Harry Dent interview:

"This time, it’s got to crash 86% for the S&P 500 just to get back to the last low in early 2009," cautions Harry Dent, the founder of HarryDent.com. In an interview with Daniela Cambone, he paints a bleak picture of the financial landscape for 2024, suggesting that the largest stock market bubble of our lifetime is on the verge of bursting. "This year, we’re going to see the economy down," attributing it to the Federal Reserve both overstimulating the economy during the pandemic and now engaging in over-tightening. "It takes more like a year and a half to fully hit. So the tightening that peaked in March of 2023 will not fully hit until late 2024," Dent explains. He is less optimistic about the housing market in 2024, indicating that there might be a prolonged period before people can purchase houses at discounted prices."

 
URA ETF Dividend History and Charts:

URA Seems to have a couple nickel and dime dividend payouts then followed by a Dollar +/- with the latest $1.68 being the largest this century...


Not a Steady Dividends Champion but not bad for a heavily cyclical industry that was out of favor for decades due to Chernobyl and Fukushima mega Human and Natural disasters.
 
My Fidelity Market Movers Alerts shows SYRA up 431% Today alone... further research indicates:

Syra Health Shares Soar After Announcing Subcontractor Role in Caduceus' $75 Billion Contract

MT NEWSWIRES
12:56 PM ET Feb-08-2024
12:56 PM EST, 02/08/2024 (MT Newswires) --

Syra Health (SYRA.NaE) shares soared 450% in recent Thursday trading after the company said it has been selected as a
subcontractor for Caduceus Healthcare's $75 billion contract with the US government.
The healthcare technology company said it will provide multiple services to Caduceus, which is the prime contractor in the Federal Influx Care Facilities contract awarded by the US Department of Health and Human Services.
Terms of the multiyear deal weren't disclosed.
Price: 5.61, Change: +4.46, Percent Change: +387.60

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

$75 Billion is larger than Many DoD prime contracts, curious how many other Syra gems hidden inside HHS mega contracts like this - these contract awards are public info.
 
Interesting Daniela Cambone Harry Dent interview:

"This time, it’s got to crash 86% for the S&P 500 just to get back to the last low in early 2009," cautions Harry Dent, the founder of HarryDent.com. In an interview with Daniela Cambone, he paints a bleak picture of the financial landscape for 2024, suggesting that the largest stock market bubble of our lifetime is on the verge of bursting. "This year, we’re going to see the economy down," attributing it to the Federal Reserve both overstimulating the economy during the pandemic and now engaging in over-tightening. "It takes more like a year and a half to fully hit. So the tightening that peaked in March of 2023 will not fully hit until late 2024," Dent explains. He is less optimistic about the housing market in 2024, indicating that there might be a prolonged period before people can purchase houses at discounted prices."


I have said it before and I will say it again Harry Dent has no credibility. I am not sure why anyone would listen to his forecasts.
 
I have said it before and I will say it again Harry Dent has no credibility. I am not sure why anyone would listen to his forecasts.
Rather than being a knee jerk Dent hater listen to the interview and post the pros and in your case the cons of what is shared there to discuss.

I could list a dozen reputable Analysts and Investors that basically say the current Bull Markets are driven by the 10 largest Market Cap firms indicating a classic Austrian School Crack Up Boom Bubble leading to a 1929 to 1932 type "Correction" for a full Fibonacci 89%.

Then there is Charles Nenner Research forecasting massive rioting and unrest in the USA and EU followed by a multiple Mushroom Clouds War Cycle which is why I have also stacked Silver and some Gold Coins and quite a bit of lead & brass and 2A tools.

https://usawatchdog.com/trump-is-the-winter-coat-charles-nenner/#more-29220
(Text Summary and Rumble Video link)


 
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