Gas in Florida today is about $3.35.

First 22 Last

Share
Profile

Follow
torpeau

176 Posts.

22

09/10/23

12:07

Post #: 70243841
Share

Originally posted by jayszip: ↑

Next week will be another week of danger. The Fed is again positioned to raise rates after this Friday's job report. Most dont realize that the past months' monthly numbers were all revised higher as well. Energy prices are very high, and towards the end of this upcoming week, we get fresh inflation data. All at the same time, that our Congress is a huge disruptive mess.

With higher rates, the psychological +8% on the 30 years fixed will spook the markets (IMO). And car payment delinquencies are at a multi year high. People can't pay their rent, but are making US$1000.00 car payments.

But, watch the situation in the Middle East. This new situation in Gaza and Israel may go downhill quickly with Netanyahu in charge. The consumer economy can't handle the conflicts in Ukraine and now Israel. The implications for oil prices are ominous.

I warned at $AU7.30 that we were on shaky ground. Folks, looking at Lithium stocks, rare earth EFT's, MP Materials, stalling numbers at Tesla, Lucid dropping in value by 15% this week, Rivian down 20% this week, I see no reason that LYC should be spared. With the shorts in control on the ASX, please be mindful. Very mindful. If we break to the red on Monday, we won't stop the bleeding until we see a AU$6 print.

Gas prices are off the scales. Here's a gas station on my way to work (US$/Gallon). Amazon is having its SECOND annual huge sale this week. I guess they need the business. UPC and FedEx announcing discounts on deliveries up to 25% to major customers. The consumer is exhausted.

My patience in this sector is beginning to waine. I bought USXU puts heavily and cheap on Friday.

These are just my observations.

GLTA

Expand

Gas in Florida today is about $3.35.

LYC Price at posting: $6.46 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

TX3

Canadian fieldwork yields multiple pegmatites for Trinex

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

RNU

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

There are more pages in this discussion • 4 more messages in this thread...

First 22 Last

Add LYC (ASX) to my watchlist

(20min delay)
Last $6.40		Change 0.170(2.73%)		Mkt cap ! $5.982B

Open	High	Low	Value	Volume
$6.34	$6.40	$6.28	$12.65M	1.991M

Buyers (Bids)

No.	Vol.	Price($)
2	15037	$6.39

Sellers (Offers)

Price($)	Vol.	No.
$6.40	38814	10

View Market Depth

No.	Vol.	Price($)
1	5500	6.770
2	22952	6.760
2	103125	6.710
3	51	6.500
3	99	6.420

Price($)	Vol.	No.
6.080	967	3
6.350	5000	1
6.380	140	1
6.390	980	2
6.400	7960	5

Last trade - 16.10pm 11/07/2024 (20 minute delay)

LYC (ASX) Chart

Gas in Florida today is about $3.35.

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Canadian fieldwork yields multiple pegmatites for Trinex

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Gas in Florida today is about $3.35.

Top Stories

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Canadian fieldwork yields multiple pegmatites for Trinex

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News