Global X Lit ETF (a fund invested in a broad spectrum of lithium companies around the globe) broken out of a two year down trend.
Top Aussie companies like Galaxy up over 30% in the last few weeks with Orocobre not far behind. Not to mention AGY posting similar results...
Yeah should probably wait till they all pass their all time highs for confirmation - plenty of upside with that strategy...
Name a high demand commodity that kept climbing in price without a correction?
What we are seeing is a normal part of any commodity cycle.
If you're down then either exit your position or step back and look at the big picture and make an informed decision to move forward...
Or maybe you could short lithium and watch it go to zero - sounds like an even better strategy...
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1 | 9034 | 0.090 |
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Price($) | Vol. | No. |
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