cobalt breaks 23,800, page-6

hi mm.

The cobalt chart has been a bit like a wrestler who's slow to get up off the canvas.

With all the fundamental talk about supply/demand fundamentals, a V-shape bottom would have been a 'no-brainer' imho. But it wasn't

But the market is full of surprises and the YTD chart shows just how glacial the Co bottoming process has been.

John Petersen gave us all reason to think cobalt would shoot up and it didn't ... so there's something else in play. China is my hunch.

Others believe CNJ management is the ball n chain ... that thinking is too local for a global commodity traded in London and consumed mostly in China.

As the price of gold drives investment (speculation) in gold microcaps, so too will the cobalt price drive the bulls to take a position in CNJ

deejaay posted a link last week which was juicing us for a cobalt article that's in the making soon. Hope deejaay posts it when released because any light on the matter helps us to understand the bullish case.