The Shit to Know Thursdays

What’s up boys, 

Tesla plummets, copper soars and TikTok is fucked. Find out more below.

Market Indices & Commodities

Our Pick
$AUST Rallies Further🏆

$AUST has had another banger of a week (up 12% this week).

We called these guys a while back, and they’ve been killing it since.

Promising drill results are likely to come in the next month, so it’s not too late to get in yet. The upcoming gold bull market also bodes well for the stock.

We reckon this is only the start of Austin Gold Corp. Might be worth a look…

Stocks
Tesla Plummets After Price Target Cuts⚡️

$TSLA closed down 4% today after UBS cut its price target from $225 down to $165. It blames a falling demand for EVs for this drop.

Wells Fargo also called Tesla “a growth company with no growth” on Wednesday and downgraded it to underweight. One analyst even predicted a bear case of $44 per share.

Last week, one of Tesla’s German factories was set on fire by arsonists. Will Tesla’s share price also go up in flames?

Aviation
Boeing Whistleblower dies✈️

A prominent Boeing whistleblower, John Barnett, has been found dead in South Carolina.

Barnett was a former quality manager at Boeing, and was found dead from what appeared to be a self-inflicted gunshot wound.

Barnett filed a whistleblower complaint with regulators, and made his complaints public in 2019.

Boeing has faced a myriad of issues in the last decade. In 2018 and 2019, 2 of its 737 Max 8 jets crashed and 346 people died.

Seems pretty suspicious if you ask me, let us know what you think.

Commodities
Copper Is Going Nuts🥜

Yep, we called this one too.

Copper just hit a 11-month high and is currently priced at $4.05. Its price has increased by about 10% in the last month alone, the copper squeeze is coming.

What’s kicked this rally off? Well, the Chinese have announced plans to cut output and Goldman Sachs has predicted a copper deficit of 500,000 tonnes for 2024.

Copper is of course a finite resource, so this deficit can only lead to price rises. It’s simple supply and demand. We will certainly be keeping a close eye on copper.

Politics
TikTok May Be Banned In US Soon📱

The US House of Representatives has passed a bill which could see TikTok banned in America.

It would give TikTok’s parent company, ByteDance, 6 months to either sell its controlling stake or the app would be completely blocked in the US.

The next step is for the bill to pass through the Senate, and if it does, it has to be signed off by the president to become law. Given the overwhelming support of banning TikTok which we saw in the House, I’d say the chances of this bill getting through the Senate are pretty high.

Biden has already said that if that document hits his desk, he’ll sign the damn thing.

Politics
Canadians To Be Arrested For Saying The Wrong Thing🚔

Trudeau’s Online Harms Act, designed to make social media platforms ‘safer’, has been absolutely fucking roasted by pretty much everyone.

The proposed law would give judges the power to put people behind bars for life if they advocate for genocide online.

To be fair, you have to be pretty thick to advocate for genocide. However, is this part of a wider attack on freedom of speech?

Feature
Titanic V2 To Be Built🚢

Australian mining tycoon (and also billionaire) Clive Palmer plans to build an exact replica of the infamous Titanic, and for its maiden voyage to be in 2027.

It will weigh 56,000 tons and have 836 cabins. Long story short, it’s gonna be fucking massive.

When asked why he was doing this, he simply said “why not”. What an alpha.

He already spoke of his plans to build another Titanic in 2012 and 2018 but nothing ever came of it, will he actually get it done this time?

Thank you 
That’s all Folks

Just one more fucking day, I can smell it…

$AUST is a client, not financial advice. Disclaimer here.