[WATCH] Closing Bell — Aussie Stocks Ignore US Weakness

By Murray Dawes, Saturday, 21 January 2023

In today’s Money Weekend, it’s the first ‘Closing Bell’ video of 2023. When a market treads water for a long time — as was the case last year — it can be explosive once the range breaks. I outline what I need to see to become 100% bullish on Aussie stocks and I also show you how the long-term picture in gold is getting stronger by the day.

Welcome to the first ‘Closing Bell’ of 2023.

I look forward to analysing key markets around the world for you, using the trading model I have developed over the past few decades.

I was glad to see the back of 2022 because it was nothing but a tough slog from start to finish.

The ASX 200 is currently at exactly the same price it was 18 months ago.

When you are called on to analyse markets week in and week out, it gets pretty tiring when nothing happens!

But like a Coke bottle getting shaken up, when a market treads water for a long time, it can be explosive once the range breaks.

The China reopening story has certainly taken hold early in the year and is on the verge of kicking the ASX 200 into a long-term uptrend, despite the fact the S&P 500 remains in a solid long-term downtrend.

It’s rare for the ASX 200 to diverge so far from US markets, but perhaps that is the theme that will play out this year as the US falters but China steams ahead — spiking demand for our commodities.

Gold has gone from strength to strength since I turned bullish on it a couple of months ago and gave you a few stocks to consider. Hopefully, a few of you managed to jump on them and enjoyed a win over the Christmas break.

In today’s ‘Closing Bell’ video, I outline what I need to see before I will become 100% bullish on Aussie stocks and update you on the gold chart to show you how the long-term picture in gold is getting stronger by the day.

Until next week,

Murray Dawes Signature

Murray Dawes,
Editor, Money Weekend

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

Murray Dawes is our resident expert trader and portfolio manager. He is a former Sydney Futures Exchange floor trader who went on to design custom trading systems and strategies for ultra-wealthy clients (including one of Australia’s richest families). Today, his mission is to help ordinary Aussie investors make profitable investments, while expertly managing risk.

He uses his proprietary system for his more conversative and longer-term-focused service Retirement Trader…and then applies the same system to the ultra-speculative end of the Australian market in Fat Tail Microcaps (this service is strictly limited and via invitation only).

Murray’s Premium Subscriptions

Retirement Trader

Gold’s Line in the Sand Offers a Solid Long-Term Entry
By James Cooper

Gold’s wildest year on record delivered panic, war, and a 20% crash — but the real story is just beginning.
Mining deals? You ain’t seen nothing yet!
By Lachlann Tierney

Lion’s mining clock is lighting up again as global M&A surges, but this doesn’t look like another dumb top‑of‑cycle blow‑off. It looks like the real boom phase beginning.
Where to invest after RBA rate decision…not Australia
By Lachlann Tierney

Rate hikes punish productive Aussies and big local projects, but soaring commodity prices point to ASX-listed plays offshore in nickel, copper, lithium and uranium instead.

All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.