global x lithium etf, page-10

Can’t wait for the next instalment in this turnaround. The GXY train is shifting up a gear and no sign of abating.

http://www.marketwatch.com/investing/fund/lit/holdings

Galaxy continues as the top performer year on year.

Signs we are on the up.

http://www.*.com/columns/jackhammer...t-derail-positive-mining-sentiment-25117.html

“Which brings us to the third level: sentiment. Whatever the day-to-day movements in metals and equities prices, sentiment has now turned positive, although you still have to whisper it quietly.

In the past month or so junior mining company executives have been starting a fair few of their sentences with a variation on the following turn of phrase: “It’s far too early yet to call it a real recovery, but…

Sentiment is back, and there is hard data involving share prices and the amount of shares changing hands to support it.
In Australia, it’s got to the point where UBS are now calling small cap miners as the next hot sector in the small cap arena.
Nevertheless, as part of its mining small cap call UBS is also taking its clients into the lithium space, via Galaxy Resources (ASX:GXY), Orocobre (ASX:ORE) and Pilbara Minerals (ASXLS).

Recent activity in the lithium space has more of the feel of a classic small cap mining market buzz, especially since lithium carbonate prices have more than doubled over the past year or so. UBS is not the only company moving in.

A lithium ETF has just been launched by Global X, and the North Americans have been busy too. Bacanora (CVE:BCN) has just raised US$11 mln from Blackrock for a Mexican project, while, over in Nevada’s Clayton Valley there’s been a flurry of activity as companies like Pure Energy (CVEE), Sienna Resources (CVE:SIE) and Noram (CVE:NRM) jostle for position next to the continent’s only existing brine producer.

Shares have been rising too. Between January and April this year, Pure’s shares more than doubled, although they too have since fallen back on the more recent shift away from commodities.

All in all though, that points to a changed market. A market in which shares can double and then drift off is very different from one in which shares can halve and then struggle and struggle to make up the lost ground. We are entering new territory.”