The Chinese play the "long" game very well, but you would think in current macro global economic scenario, a step forward would be a good thing for both sides, not to mention the rest of the world
A reporter asked Trump earlier this year if he thought that he could win a trade war with China - Trump replied "we lost the trade war with China decades ago". The US trade deficit with China last year alone, was around $450 billion, not to mention all the IP theft etc.
I don't like the way the trade war has afffffected my portfolio this year, but Trump is the only POTUS with the balls to take a strong position with the Chinese - so far. It is a very interesting situation for CLQ holders given RFs' deep China connections, I have felt for sometime that while this "war" won't be resolved in the short term, that both sides understand the current position cannot be sustained for a protracted period without doing serious global economic damage - which is not in either parties' best interests. So my thinking is, that it is incumbent on both sides to get something (at least some positive steps/dialogue) done sooner rather than later - because if they don't no-one really wins.
So @alanpro, the linked article makes a lot of sense to me.
On another tack, it was an interesting auction on ASX this afternoon for CLQ, about 90% of days turnover in last 10 minutes, also largest volume day since 8/8/18 (the day after release of NI 43-101). It is the end of month today, but someone let go of a load and someone else was happy to take all of it up. The bots are still all over CLQ every day, positions are being taken IMO.
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Last
$1.13 |
Change
-0.010(0.88%) |
Mkt cap ! $129.6M |
Open | High | Low | Value | Volume |
$1.10 | $1.16 | $1.07 | $215.0K | 192.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1600 | $1.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.16 | 15656 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1600 | 1.115 |
1 | 1813 | 1.110 |
1 | 578 | 1.095 |
3 | 20404 | 1.050 |
1 | 5000 | 1.000 |
Price($) | Vol. | No. |
---|---|---|
1.155 | 5656 | 1 |
1.160 | 6000 | 1 |
1.175 | 23733 | 2 |
1.180 | 1662 | 1 |
1.185 | 20000 | 1 |
Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
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