LKE 1.64% 6.0¢ lake resources n.l.

Finally agreement the bubble. Oil crashed, last Nov the price...

  1. 5,047 Posts.
    lightbulb Created with Sketch. 1833
    Finally agreement the bubble. Oil crashed, last Nov the price was $35 and has now crashed to $68 ok maybe oils not crashed but Im sue that your correct with the others, coal must have crashed, price last October $46 and now crashed to $156 damn but lets look at the bubble and crash of iron ore Last August $114 and now a pitiful $180. Copper April 2020 $2.15 now $4.35 Gold now that must have crashed Dec 2016 $1161 now $1801.
    OK ok so no crashing of those commodities but Im sure your right Lithium must be a bubble if you think that a bubble is where the price goes up but there is no real world demand.
    I cant remember reading any stories about a real world increase in demand for lithium its not like battery cars are going to replace petrol cars or anything like that or that hundreds of thousands of people are installing home battery units to make themselves independent of the grid. Here in South Australia Elon built the worlds biggest battery but I think that it was just a publicity stunt of no real world value.
    Did you hear that they are developing battery powered planes.
    Last edited by sowens: 06/08/21
 
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