It's all about the "Brexit"...
We are feeling “energised” this morning……
In only a few hours, we will know whether the Brits will “Remain” or “leave” and early votes that are starting to come in, are showing a move to the “Bremain” camp….
We feel that this is good news and on the back of the positive momentum, we are seeing a large move in theAUD/JPY +2.5%, Dow Jones + 230 points and Commodities up across the board…
Don’t get excited too soon, as we will only know the outcome in a few hours during the AUS/Asian trading session….
Today is also an exciting day for those of us holding Lithium Power (Peak Opportunity), which lists at 11am AEST today….
We are also spending the day, taking CFOAM Management (upcoming Peak Opportunity) to see some funds and family offices in Melbourne, kicking off with an 8am breakfast….
So a very busy day ahead here at the Peak Headquarters…
Last night stocks and commodities jumped as markets “jump the gun” ahead of this morning’s results….
We are not complaining, however, if the results go the opposite way, expect a huge fall in afternoon trade…..
Let’s have a great Friday.
The SPI is up 33 points this morning
Niv Dagan is an Executive Director of Melbourne based boutique funds management and corporate advisory firm, Peak Asset Management (www.peakassetmanagement.com.au). He is also a regular financial commentator on Sky Business.