The unwinding of the shorts on palladium continues.
It's taken almost 2 years for them to amass all of these short positions.
It's taken fake narratives about fanciful future EV demand, a massive lithium pump and dump, Russian Pd stockpile dumping stories, Hybrid and ICE obsolescence fantasies and, of course - Massive subsidies favoring EVs costing global taxpayers a fortune, whilst fueling inflation and creating market imbalances.
Fortunately the big old story is nearly done, and both car manufacturers and retail and business customers are proving the trend change back toward Hybrid and ICE through monthly vehicle sales data.
More evidence of the speculative narrative rot lies within the simple comparison of Tesla and Toyota
Tesla - MCap - US$735billion - PE - 64.51 - H1 24 earnings - US$2.61billion
Toyota - MCap - US$236billion - PE - 6.79 - H1 24 earnings - US$2.3777trillion
CHN chart, page-9049
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CHN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.23 |
Change
-0.025(1.99%) |
Mkt cap ! $478.5M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.30 | $1.22 | $3.705M | 2.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6018 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 28801 | 2 |
View Market Depth
| Last trade - 16.10pm 16/09/2024 (20 minute delay) ? |
| CHN (ASX) Chart |