Yes most markets down world wide including a big selloff in gold to under $1200 due to a Turkish Debt crisis (yes that is right gold dropped heavily due to a monetary crisis (ironic much???)).
Tesla is up big after screwing the most amount of shorters ever by announcing they will go private at a price about 20% above the current (as at Friday)... needless to say the investment houses shorting Tesla were furious -- love the way he fought back but id say investment banks may have the last laugh!
So yes... lithium and gold are both in the same boat.. we are upsetting the current hegemony .. being fiat paper money and world oil cartel interests.
I have heard from an extremely good source this current situation with Lithium is due to OLD BATTERY technology being heavily discounted and sold down to make way for the new battery technology that is taking over the world.. so this is a one-time sell-off event of substitute products before the new wave of technology makes its way to consumers and we start to get robust grow in everything new battery technology.
Power walls for households, power tools, machinery, cars, motorbikes and everything else requiring power where weight, and battery life, rechargabilityy are key considerations.
Today would be a lifesaver day to produce some news, short of that it appears we are doomed for another depressing down day
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