Please pardon the rumination of an old guy. Since the beginning of this year we have been
in round 3 of our battle with the "professional analyst". Late last year and up until this past week,
the professionals have been warning of the continued demise of lithium prices. They have again built
a tower of assumtions related to supply substantial increasing, demand steadily decreasing, the advent of salt,
DLE, African mines, etc. And here we have this rag tag team of us individual investors. Almost all of our
assumptions run counter to the assumptions of the " professionals ". Early in this round as the price of lithium continued
to decline we took some heavy body blows. We winced with each shot, sometimes having to clench to catch our breath.
But as in past rounds we could see that our most important and crucial assumptions were intact.
We prevailed.
Look at a daily chart for 2022. Look at the runup from late July to November.
My bet is we are about to go on the same ride.
Nothing like coming on strong in the last minute of the round.
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