The Security Supercycle – certainties in an uncertain world
The world is changing fast, and nations are racing to protect themselves.
September 2025
High Conviction: Switch Fortescue (FMG) to Rio Tinto Limited (RIO)
We recommend switching from Fortescue to Rio Tinto at an entry price of 119.5 dollars, with a target of 140 dollars and stop loss at 105 dollars.
MPC Morning Call 23rd September – The record run continues on iPhone, AI and Rate-cut optimism
Stocks clinched another record high as investors continued to pile into big tech, with Nvidia and Apple leading to the upside amid AI optimism and expectations for strong iPhone demand.
Closing Bell 22nd September: Miners Lift ASX as Reece & Starpharma Soar
The Australian sharemarket advanced for a second straight session on Monday, buoyed by broad-based strength in commodity-linked stocks. The S&P/ASX 200 index climbed 37.4 points, or 0.4 per cent, to close at 8810.9, with miners leading gains as iron ore, uranium, copper, lithium, and gold prices rallied.
ASX Alpha: Buy Andean Silver Ltd (ASL)
ASL is rated a Buy with a price target of 2.15 and a stop loss at 1.45. The technical setup is compelling, as silver has broken out of its long consolidation range, backed by robust macro factors: persistent inflation and expected Federal Reserve rate cuts. This breakout, along with high trading volumes, signals strong momentum for ASL.
High Conviction: Add Global X Metal Securities Australia Ltd (ETPMAG)
A high-conviction add is recommended for ETPMAG. Technical analysis supports a sustained breakout phase in precious metals, and the ETF provides efficient, diversified exposure to this momentum. The current macroeconomic backdrop—persistent inflation, anticipated Federal Reserve rate cuts, and geopolitical uncertainty—creates strong safe-haven demand for metals. Gold’s new inflation-adjusted highs signal robust sector strength, while the recent Anglo American–Teck Resources merger reinforces a bullish long-term thesis for resource assets such as copper. At 61.5, ETPMAG represents an attractive tactical entry. The technical price target is 85, with a stop loss at 50 to manage downside risk.
MPC Morning Call 22nd September – Rally continues on US/China Tik Tok deal and rate cut hopes
Stocks climbed Friday notching another all-time closing high and hefty weekly gains, underpinned by a jump in Apple, hopes of a Tik Tok deal and further rate cuts hopes.
Closing Bell 19th September: ASX Rallies on Wall Street Gains; Telix & Pro Medicus Shine
The Australian sharemarket advanced on Friday, lifted by record gains on Wall Street and strong performances in healthcare and utilities. The S&P/ASX 200 rose 61.2 points, or 0.7 per cent, to 8806.4 by midday, with 10 of 11 sectors trading higher. Despite the rally, the index remains more than 200 points below last month’s record peak.
ASX Alpha: Buy Develop Global (DVP)
DVP (DEVELOP Global Limited) is an Australian mining company focused on owning and operating underground mines for copper, zinc, and lithium, as well as providing mining services to other resource companies. Its key assets include the Woodlawn Copper-Zinc Mine, Sulphur Springs Zinc-Copper Project, and the Pioneer Dome Lithium Project, all of which contribute to the supply of critical energy transition metals. DVP also operates a Mining Services division, generating additional revenue and de-risking its business by undertaking contracts for third parties in the mining sector.
Weekend Edition EP86: US Goes nuclear for datacenters
Read the Weekend Edition Download PDF In this week’s “Bulls vs Bears” podcast, Kai Chen and Jonathan dive into the
MPC Morning Call 19th September – Nvidia/Intel Deal drives chip stocks & Index to fresh record
Stocks closed at a record high overnight, a day after the Federal Reserve cut rates as Intel led a surge in a chip stocks following news of a hefty investment by Nvidia.
Closing Bell 18th September: ASX Slips as Energy Sector Sinks; Santos Plunges on Failed Takeover
The Australian sharemarket traded lower on Thursday afternoon, dragged by sharp losses in energy stocks after a $36 billion takeover bid for Santos collapsed. By 2pm AEST, the S&P/ASX 200 had fallen 50.7 points, or 0.6 per cent, to 8767.8, with 10 of 11 sectors in the red despite the US Federal Reserve’s first rate cut of 2025.