Artificial Intelligence

Artificial Intelligence

May 30, 2023 0 By Rueben Hale

The only artificial intelligence this reptile was ever aware of has been courtesy of this nation’s politicians recently! It is astounding to hear that this so-called AI handled lifting Wall Street from its debt ceiling doldrums. But, alas, the world is on the slippery slope to Judgment Day, and the machines will be coming for all of us!

But as Janet was Yellen’, the US could run out of cash, the Machines (Nvidia) made the first move on world domination, lighting a fire under the jittery folks at Wall Street with its monster earning forecast, sending its share price rocketing 27 per cent.

“The world is on a slippery slope to Judgment Day, and the Machines will be coming for all of us!”

Moving on to more serious matters, the audit of the mint has been extended due to concerns from the Lizard King about Goobleschmakkas running the establishment. Austrac has blamed it on “poor record keeping,” but I believe it to be incompetence. I am eagerly anticipating the final report. In the meantime, the mint’s employees will continue to face scrutiny.

The ASX has had a rough week, experienced its fourth straight day of losses, and hit its lowest point in two months. This decline has been driven by those Fed nitwits’ failure to lift the ceiling, causing trouble for Aussie miners. Those poor defenceless miners at BHP and Rio Tinto have suffered declines of 1.6% to $42.15 and $105.40, respectively, and spare a thought for our Fortescue Metals losing 3.2% to $19.

It also pains this lizard to report that the Fed fallout has reached my beloved gold miners, and lithium producers have also seen losses, with Newcrest down 1.9% and Pilbara falling 1.3%.

The only upside has been that the Big Four banks have also lost ground, with CBA, ANZ, Westpac, and NAB all experiencing declines. It is almost refreshing to hear positive signs for the Aussie building industry, with cement producer Adbri jumping 21.9% to a six-month high of $1.95 at its annual general meeting in Sydney, where the boys are hoping the brickies will be out again in force very soon.

Let us hope Goldman Sachs staying bullish on commodities is words of wisdom rather than mumblings of a raving lunatic! Our enthusiastic friends at GS reckon significant rises in store for raw material, and although it has not happened overnight – it will happen (Pantene).

The boys and girls at GS are so confident that they have called for another significant rally! What is even more astounding is that fact that made this brave assertion while the nitwits at the Fed were still pacing around bristling their whiskers!

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