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Good morning everyone, and welcome to August 13, 2024 – an important date in the history of plundering and destroying ancient civilisations.

It was on this day in 1521 that Spanish conquistador Hernán Cortés captured Tenochtitlán (now known as Mexico City) after a 93-day siege. This effectively ended the Aztec empire and procured Mexico for the crown of Spain.

Cortés was said to have had an army of 530 or so crossbow-wielding, muzzle-loaded musket-toting, sex-deprived and smallpox-riddled Europeans frothing for some good old fashioned xenophobia-fuelled extreme violence.

At the risk of generalising, probably not the sort of blokes you’d want to share a bottle of tequila with or let your family or farm animals anywhere near.

And if these men weren’t already enough on edge, legend has it that Cortés burnt their ships down to help motivate them to succeed in the “new land”. Guess the stirring TED talk he delivered the evening before just didn’t cut it.

Luckily for you, you won’t have to slaughter thousands of innocents and decimate an entire culture in order to get your hands on good pre-market info today.

That’s because – as always – we’ve worked hard to gather together lots of fiddly little things below, so you don’t need to go ferreting all over the internet for your ASX info this morning.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,449.50/oz (+0.76%)

Silver: US$27.87/oz (+1.56%)

Nickel (3mth): US$16,270/t (+0.74%)

Copper (3mth): US$8,978/t (+1.26%)

Zinc: US$2,697/t (+4.53%)

Oil (WTI): US$74.29/bbl (+1.49%)

Oil (Brent): US$77.63/bbl (+1.50%)

Iron 62pc Fe: US$101.26/t (+0.51%)

AUD/USD: 0.659 (+0.62%)

Bitcoin: US$58,411 (-3.4%)

 

WHAT GOT YOU TALKING

Psilocybin – a naturally occurring prodrug compound more commonly known as “magic mushrooms”, which, according to Wikipedia, is known to strongly influence the subjective experience of the passage of time. A bit how it feels writing Rise and Shine at 11.30pm at night. 

A certain psilocybin drug trial underway by Tryptamine Therapeutics (ASX:TYP), has been showing huge promise for treating pain relief associated with a chronic musculoskeletal condition known as fibromyalgia… 

MONDAY’S ASX SMALL CAP LEADERS

Here were yesterday’s best performing small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

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Read yesterday’s Closing Bell for more.