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02/09/21

22:46

Post #: 55795599
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Originally posted by Joseph1189: ↑

Hi there mate,

to help u with ur struggle as well as others and as well as mine before. I worry about this question a few months ago.

Fundamentally we are not in the same position as a localised financial problem (i.e. Lehman Brothers, Enron etc), like previous recessions and dips all caused by human error and corruption of the system. Therefore countries will join hand in hand to pull the globe out of this "Pandemic Dip" recent moves by Feds and Eurozone of talks of tapering are still talks trying to curb inflationary measures I reckon. We are not done with this Pandemic turning into endemic.

So after all the handouts my guess is that the next the stimulus should be directed at EV and the charging networks to propel the economy back to life. Also mind you that being a recession/slowdown caused by a pandemic, nations will be more supportive for countries that dictate their own currency to "Print More" to avoid a chain effect of economic slowdown globally.

The final piece of the puzzle is how will China play this out and are they going to continue to hike things up making it more expensive for US and Europe to build (Because if I'm China I'd be pretty pissed that US and Europe just print money and buy things from China and rebuild factories to take away China's business) so inflation would most likely set it permanently for 1-2 years. However, it may start to normalise once interest rates start to go up.

But what I'm trying to convey here is that yes there maybe a drop in the market and prolly we will be dragged down but like some mates here say if the pull back is from AUD 2.00 to AUD 1.50 not really much of an effect to us. Also if u listen in to last night's "The Assey" there is a confirmed deficit in Lithium chemicals and the closest battery chemistry is vanadium but it's not really there yet plus all the Lithium battery infrastructure already producing at scale and at grade it would really be hard to replace. With Stimulus bound to go to the renewable market the next glut will be the transfer of Oil and Gas money to Renewable sector. We will have a bump but I got a gut feeling lithium won't really be feeling much of the gut.

However, if you are worried about having cash as long as u don't make a loss selling u're all good mate. Most of the time you can't buy in at the lowest or sell at the highest. I was tempted to take some NIO when it was USD 3-4 but at that time it was on the verge of bankruptcy, would u buy in then? I wanted to sell VUL at 11.00-14.00 but there were bots and the volume was pure manipulation.

So like many have said here have ur own strategy and adjust ur strategy/hondlings to the risk u are going to take and stick to the plan.

Also one more nice thought for all is that "THERE IS NO LITHIUM ORE RESERVE ANYWHERE IN THE WORLD" NONE any where. Most big nations have metals reserve (i.e Iron Ore, Aluminium, Bauxite etc.) but hey hey there is no Lithium Ore Reserve anywhere. So when there's a shortage there's no reserve what's it going to do with the prices and with proven assets like GLN's?

AIMHO, DYOR, GLTAH.

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Great insight as usual Joseph, thanks for posting

GLN Price at posting: $1.03 Sentiment: Buy Disclosure: Held
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0 Great analysis

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