Given the recent rally in Stanmore Resources Limited’s stock price, driven by the fire at Anglo American’s Grosvenor mine which significantly reduced global seaborne coking coal supply, we recommend taking profit on half of our position.
the combination of oversupply, moderated demand growth, geopolitical instability, and environmental challenges has contributed to the downward trend in lithium stocks.
The recent run in Silver and the “store of value” trade is at odds with the interest rate outlook and we will likely see a pullback as geopolitical tensions ease
After an unbroken 6 months rally, a number of factors are now compounding to weigh on global equity markets
Trim 1/3 of Liontown for 50% profit
Sell Trim – Mineral Resources (MIN). MIN is a mining services company with a portfolio of mining operations across lithium and iron ore. MRL has been providing safe, high-quality, low-cost mining, mining construction and mining infrastructure services in Australia. The business consists of three core pillars Mining Services, Commodities and Innovation and Infrastructure.
Based on the updated earnings guidance from GrainCorp and considering the recent weather improvements that positively impact soil moisture and crop prospects, coupled with GrainCorp’s strategic adaptations for future market conditions, it’s recommended to consider buying GrainCorp shares around the $7.5 price point.
Our strategy aims to prudently manage risk by locking in profits from our Judo Bank position. Taking profits at this juncture allows us to reduce exposure to potential market corrections and sector-specific risks highlighted by the CBA earnings report and the rising trend in home loan arrears.
Trim Sell Silver (ETPMAG) US Inflation numbers overnight were higher than expected. Silver does not do well in a higher interest rate environment, so time to trim the ETPMAG position
For our trading strategy, we’re adjusting our position in Elders Limited (ELD) by reducing our allocation by 1% due to its recent impressive performance. Despite this adjustment, we will maintain a 2% allocation in ELD, recognizing the stock’s strong momentum. Additionally, the significant rainfall recently suggests the potential for continued positive performance, justifying our decision to retain a substantial investment in the company.
GNC has gone parabolic. Time to trim – take profits on position. Reduce allocation by 1.5% down from 5.5% to 4%
given the recent strength in Tech stocks in the US and the failure of the ASX200 at record high of 7630 for the 4th time in 3 years
