“The International Monetary Fund which said in the weekend that Australia is well placed to limit the impact of any disruption caused by worsening international economic conditions…” (Source: International Business Times in Markets: US Rating Cut, Australian Outlook Solid). Australia, the ASX and of course, the Singapore exchange are on my mind in part; because I travelled too Australia this summer to tour the Alkane Resource and Arafura properties and have been remiss at documenting my travels.
The Singapore-ASX deal still has legs according to my sources and in a quick online search: “SINGAPORE Exchange will push ahead with its application to the foreign investment regulator for its $8.4 billion tie-up with the ASX to be approved. The move is expected to pressure the government to reveal further details on why it believes the deal is against the national interest." (Source: The Australian)
The point is that in lieu of the downgrading of the US dollar and the impact on equities (click here to hear my interview on CurrencyCountdown.com with David Morgan on Friday) we as investors must remind ourselves that we have power – buying power. And now, more than ever, we have as our Blog Manager Asher Berube told me on Saturday, an opportunity to participate in a "fire-sale", hence my proposed Fire-Sale series where I will encourage all of our editors to write about as many companies as possible.
Robin Bromby writes in today’s piece in The Australian (7hrs ago): “But, for reasons that Pure Speculation finds hard to fathom, special treatment was reserved for the rare-earths sector. Our only theory is that your average investor barely understands the technology involved and so, at a whiff of market uncertainty, flees to commodities on which he or she has a firmer grasp.”
Honestly, I want to write about the very high prices of food in Australia, my road tour experience with the Alkane team, the ANTSO facility tour or the 29 year high of the Australian dollar; but in lieu of all of the financial news and associated emails, here’s what I have for you…a confession. I bought myself a camcorder and filmed approximately 6 hours of rough cut video of Ian Chalmers, the Alkane Resources Ltd. (ASX: ALK | OTCQX: ANLKY) tour, an interview with Richard Brescianini, the tour or Arafura Resources' (ASX: ARU) site and even…an interview with the owner of the Aerilon Roadhouse, a place there is a song about that rhymes with ‘well’. Sid Goldberg joined our team as the COO, a multi award and 2 time Emmy award winning Director less than a month ago and was ended up overseeing the edits to this video footage shot by an amateur.
The point is that video 1 ended up providing outstanding content on why investing in Alkane Resources may shield our portfolios and protect us for the future and we finished it yesterday. I write in my YouTube descriptive: "Ian provides numerous compelling reasons why Alkane is one of the Top 10 market cap companies in the rare earth space in the world. Between Alkane’s resources, management team and business savvy – their tenacity, depth of knowledge and endurance in this sector, they demonstrate how success is a long term vision…” — for the full video, click here
My conclusion from this trip? I need a place in Australia to live where I can grow my own food (speed-dialling Mickey), more investments in the ASX and to bring a cameraman with me in the future…here's to the retail market agreeing with me.