LYC 2.72% $7.14 lynas rare earths limited

lyc price peak, page-4

  1. 1,710 Posts.
    lightbulb Created with Sketch. 13
    The only issue I see with your argument OneforThe is that it assumes the world economy keeps growing and that we don't have another Depression. Ultimately the end use of Lynas' REEs is consumer products. If people can't afford to consume because they don't have jobs, and prices rise beyond their reach because of inflation (many commentators are predicting a hyperinflationary depression in the USA if the quantative easing continues), then that will negatively impact the Lynas share price in my opinion.

    I believe Lynas will continue to rise as long as world stock markets rise. But I am being extremely vigilent. There is no way the DOW should have risen over 11,000 points last night after the shocking jobs report. All we need for the stock market to correct is one bad quarterly earnings season in America, or the insolvency of US States or European countries. I like to think of myself as a long term holder of Lynas, but in truth I believe long term in the current environment is one month.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$7.14
Change
-0.200(2.72%)
Mkt cap ! $6.673B
Open High Low Value Volume
$7.34 $7.34 $7.13 $39.28M 5.467M

Buyers (Bids)

No. Vol. Price($)
1 1546 $7.13
 

Sellers (Offers)

Price($) Vol. No.
$7.15 72361 6
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.