I sold before Easter. I saw the writing on the wall.
There is nothing fundamentally wrong with Lynas. I think it has a bright long term future. However, many people here are focusing on negative local issues related to Lynas when there are bigger picture issues that I suggest you start looking at.
The increase in the markets over the last couple years was a fake recovery were stocks rode on the backs of massive quantitative easing (QE) around the world. The effectiveness of these QEs has waned and stock markets are peaking.
I expect 20-30% drop across the market is coming. More QEs will only slow the inevitable. Rare earth stocks in particular will get hit very hard during the downturn.
Get out of the stock market. The only safe things to hold when money printing is out of control are physical precious metals.
Good luck to you all.
- Forums
- ASX - By Stock
- get out of the stock market
I sold before Easter. I saw the writing on the wall.There is...
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
CXO
Core Lithium narrowly beats guidance on FY24 spodumene production but 1Y returns still shattered
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.40 |
Change
0.170(2.73%) |
Mkt cap ! $5.982B |
Open | High | Low | Value | Volume |
$6.34 | $6.40 | $6.28 | $12.65M | 1.991M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 15037 | $6.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.40 | 38814 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 6.390 |
3 | 16036 | 6.370 |
6 | 39595 | 6.360 |
5 | 14851 | 6.350 |
2 | 15313 | 6.340 |
Price($) | Vol. | No. |
---|---|---|
6.400 | 26206 | 8 |
6.410 | 11347 | 5 |
6.420 | 17845 | 3 |
6.430 | 7845 | 1 |
6.440 | 7845 | 1 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |