I think whats happening is a lot of the big money that was...

I think whats happening is a lot of the big money that was sitting on the sidelines in fear of labor winning the elections is now getting back in now that the liberals have won it.

Black Rock are also probably done selling so a big amount of shares for sale have now dried up.

I also think GXY was stupidly oversold (as the saying goes, you can lead a horse to water...) - I expect a near term correction to $1.80, even $2.
There is also some event risk with GXY and the shorters are casually walking to the exit until we see which way the next move will be.

In effect, all the negativity that could be manufactured on GXY has been priced in and the next news is likely to be ho hum to good.

Pending news from Sal de Vida in the second half of this year, we should be in the $2-$2.5 range in this Li pricing environment.