We have a runway next little while @RoyE looking at the macro backdrop.
Once the USD index (DXY) breaks below 100 it should accelerate whats begun mid September with the new rate cutting cycle at the Fed.
As more rate cuts in the US transpire (they won't cut entitlements or defence and interest bill on their debt is > defence spend) the USD will weaken.
Perfect backdrop for commodities/PMs and projects like Antler will most likely qualify for some grants via the "inflation reduction act" which in itself is quite a stimulus and is quite inflationary, but commodities do well in inflationary times.
Buckle up.
NWC has a gap on the chart back at 4.5c so that should be a target area for some churn.
A trading parcel sub 2s or at these levels yields a nice quick return and the core holding for the medium term upside as this rerates.
Just a thought.
NWC Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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