ENR Weekly Report, page-20

Weekly Review REE Stocks - 29th Dec 2023

Here is the weekly review figures and charts that I do every week. It is useful only for those interested in trading or those who hold multiple shares and based on performance would like to keep re-balancing as we go. I do hold a number of REE stocks and like to trade. This is the reason I include a number of REE Stocks in my analysis.

Please note:
This is no reflection of all AU REE stocks as I have only included those that I am interested. In my list are shares that I hold, held before or planning to buy in near future. Since this is my list, I may have missed some good stocks. The averages are simple averages and not weighted averages. So the average don't reflect AU REE average. This is just for my tracking and analysis.
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Please note that all my analysis are from a trading perspective looking at short-term view.
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This list contains 26 REE related stocks and no new additions this week.
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.Final Report for the Year
So we have finally come to an end of another year. There have been small hiccups, but somehow I was able to get these Weekly Reports mostly in time. I understand that only a few would go thru closely at comments and figures, and another few would glance thru. Many people are long term so weekly performance may not be of much interest to them. Also many hold 1 or 2 stocks for long term, so not much interested in relative performance. I initially did this data for myself as I hold a number of stocks and also do short-term trades along with some medium/long term hold. But I feel there may be a few for which it may be of interest, and hence I started posting it. For Uranium stocks I have completed 3 years, for Lithium stocks 2 years and for REE stocks 1 year. I will continue doing this.
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Overall 2023 was not a good year for most resource/risk on assets. Although US Indices flew and continued to do a number of 52 weeks high in succession, unfortunately the market was driven by the Magnificent 7 US stocks which gave a distorted picture of the market. Even the Equal Weighted SP 500 ETF did not do well, just shows that majority of the stocks struggled and were under water inspite of Indices breaking high. There were several issues - Interest Rate, Banking Crisis, China situation, Wars, Recession Fear etc which did not go well for risk-on assets.

The outlook is slightly better for next year. There are very good signs that we may be on a Bull cycle which could last another 10 years or so (with some droughts in between). They call it a Secular Bull Market which could run up to 2035. Here we are talking large cycles. Many of us are invested in commodity stocks, there is a good chance some bottoming of prices may have happened in many stocks, so it should be good from here. Maybe not on Day 1, or Week 1, but steadily we should see some gains. So more holdings should become medium to long term holds rather than short term.
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Personally, somehow I finished in front for the year. One main reason I always attribute is that we need luck and I feel I was lucky sometimes. Secondly, after seeing a big profit of mine dwindle in 2022, I got a wake up call. Before that I was not worried about general markets etc. But June 2022 decline and later on more of it, changed my view and thinking. I started reading a lot and also listening to a number of analysts etc. No one can predict the market and even big stalwarts of the industry failed miserably in where market is heading, but one just becomes better prepared if something big goes wrong. Lastly, I feel one thing I previously not used to do was - Exit if things not looking right. Before 2022 I was complacent. But after that, if things were not looking good, I used to remove emotion and get out. Not always it would work, but one just needs to win more than lose to be in front. But in a market like 2023, where things were not going right, and most stocks were falling rather than rising, it worked very well in this situation. May be if stocks are back like 2021 or early 2022, then I will not do this.
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I wish you all a Happy New Year and sincerely hope that each of us can not only make some gains in this new year, but also make up soundly for last couple of years that have not been great. All the best

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Here is the Figures for the Week:
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