General Discussion AGY, page-24673

Weekly data and thoughts.
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Please not that all my views are for short-term only, and I could be wrong, so please dyor.
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Lithium Sector Overview -
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From a weekly perspective, AGY had a small drop from 1.9 to 1.8. . Overall Li macro is still playing weak. There had been a surge in LTR/AZL/DYL/CXO, but all have fizzled out, so not looking good at this stage. No clear signs of reversal yet. Spot price still tight, still doing small drops every week, for several weeks now, down around 10% for the month. So it looks like more wait for now.
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Major price action indicators were down -

• ALB - loss of around 4%, last week gained 4%, before that lost 4% - so just flipping around rather than moving ahead
• Ganfeng - Gain of around 2% for week, Tianqi gain of around 4%
• PLS/LTR - PLS loss of 12%, LTR big loss of 22% - so back to back over 20% gains of LTR has now a big question mark
• Spot Price - Loss of over 2% for week, now a drop of 10% for the month

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So what do these numbers say? The narrative around inconsistent play continues. I have been writing for several weeks that all jurisdictions (US/ASX/Chinese) need to go up together. No signs yet. The numbers I report every week, there is no consistency yet. Small gains followed by small losses. And then repeat. Spot price has been falling for several weeks now. 10% drop in a month is high, especially when at one stage it looked like it may have reached bottom. It may even lose the 6 in front of it the way its going. Last week there were some positives - LTR/CXO/AZL etc - none moved to next stage, instead now retreating. Very difficult to play the sector now in these condition.
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Personally I have not been playing Li stocks. Some scalping, that's it. Gold sector is doing well last couple of years, a lazy play there would have earned a lot instead of seeing drop in portfolio. I am playing Uranium sector big now. I have got out of all my other plays and playing the sector. I have been writing extensively on U stocks, and I feel a big gain in the next few weeks. Sorry, that's my hope. But odds are not bad. You can read my posts on that sector on the stocks I am playing, and how it is somehow shaping up for a good one. I usually don't write other sectors in my report. But way U is going, one may hear next few weeks. So just giving a heads up. As always, no guarantee, we are all playing odds, so please dyor.
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So what may happen next week? On Friday, US Li stocks had small loss. General markets moderate to big red. So a tentative to low start on Monday and then wait for Chinese play.
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Here is the Figures for the Week:..
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