When historians look back on what words to describe November 2017 with, “lithium” and “Bitcoin” would be sure to make the list.
Lithium, cobalt, graphite and the Pilbara gold explosion all made some spectacular gains.
We have our own problems. The property market is falling into chaos. Roads are littered with ‘For Sale’ signs and you can’t walk down the street without someone throwing the deeds to their house at you and begging for a two-week settlement.
To begin if you haven’t read Joe Aston’s piece on Gerry Harvey & the impending doom that is facing Harvey Norman then I strongly urge you to do so. He absolutely lines him up & knocks him down re Amazon’s entry to Australia and Gerry’s readiness (and inability) to defend against it. Link below…
Firstly a note on the photo above and no it’s not another drawn out piece on Amazon. It’s the vegan section of a Houston supermarket following the recent floods. When given the choice between starvation and eating vegan Texans appear to be choosing the former. Humans are curious animals. Texans are no exception.
As the threat of nuclear war once again rears its head we reiterate that local risks bear more immediate and higher likelihood of occurrence. It would appear (ex-locally) that everything is a buying opportunity until it isn’t.
As I’ve mentioned so many times before, my dislike of reporting season is immeasurable. It’s a choppy time to be in the markets and a steady hand is needed at all times. How many times have we heard this story?
We thought it prudent to send a note this weekend since the Trump/North Korea situation appears to have moved off Twitter and into the real world. We can’t and won’t predict what exactly will happen in Korea but there are ways to profit & protect capital from the escalation of tensions.