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rvajna

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03/07/19

03:02

Post #: 39344046
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Originally posted by ProCapitalism: ↑

I understand what you're saying, but GXY operates within a global economy with manufactures & consumers.

Australian wage growth has slowed dramatically along with low consumer confidence, high debt levels & a bursting housing bubble. People caught up in that mess don't exactly go out & buy $60,000 Tesla's. They buy a $4,000 petrol run-about to get them out of trouble.

When GXY shipped their first spod house prices in Sydney were growing at 5%, 6% 10% plus. The RBA cut interests again today for the second month in a row & house prices are tumbling.

The Global LIT index is down. You can't expect GXY to buck the trend when most of the global Lithium sector is taking a hit.

I believe the US is already in recession.

Trade wars.

Brexit fears

The beating of war drums with Iran & North Korea in the past.

All affect commodity prices, consumer spending & wage growth.

If the price of oil was sitting at $300 a barrel & we were all paying $6 a litre for fuel, everyone would be demanding electric cars. Oil is still relatively cheap & so are petrol cars. It's going to take time for electric cars to take off. In the meantime, I will accumulated GXY at cheap prices.

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The EV revolution has nothing to do with Australia. Too insignificant as a part of the world's economy. Will happen regardless. The politicians here can do what they like.

GXY Price at posting: $1.34 Sentiment: Hold Disclosure: Held
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Tipping Competition, page-241

Top Stories

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Recce's R327 found effective against E.coli during clinical trial

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

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