Think I mentioned in earlier post I expect these guys to extend the timeline for this.
- Given economic conditions and how commodities are they'll probs not try fight the headwinds.
- These guys generally wait for a clear trend to emerge first Iron Ore, Uranium, Coal, Potash, Lithium etc. I think the only clear trend right now is gold so that would be a cracker. They'll likely wait it out a bit longer for more M&A in the sector.- I think they're really gonna go for home run here. They've brought the boys back together after quite some time so they'll play it slow but when they shoot it'll be for the head.
VEC has done well to open where it did given overall market, happy with it and now needs tangible newsflow on the project development.
Aside from VEC you look at the more well covered gold play charts BGL at highs, AMI at highs, MOY copped highest volume since september 2018, EMR breaking out, PNR broken out and continues to push on. Then you got mid tiers which are holding okay (some pulling back from recent rallies) and majors remain strong.
So gold looks the place to be, but it really depends by the time they seal the deal will it still be hot? Given I dont see any I.R hike happening soon in AUS, XAU/AUD should hold up.
I think Gold Copper would be perf. Copper will be a nice hedge in case interest doesn't remain as strong on gold. But I'm just a mug so I rather leave it to the veterans to decide, just my irrelevant 2cents lol. Happy to wait for another circa 6months here its an elusive opportunity.
Other than that only other commodity I noticed was cobalt, JRV, AUZ, CLQ all catching big bids today (>10% today)...no clue why just yet? Attached CLQ chart from yesterday.
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Think I mentioned in earlier post I expect these guys to extend...
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Open | High | Low | Value | Volume |
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0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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