Yes you are right about GXY moving independent from the DOW... BUT... Different ''ball game'' now !
The market is riding on ''Corona emotion'' NOT fundamentals atm ! As has been posted many times lithium players like GXY are waiting for the turnaround in the "lithium price" ! I have posted many times about the flatlining recently in the... *Lithium carbonate spot price cif China, Japan & Korea... Lithium hydroxide spot price cif China, Japan & Korea... (Fastmarkets MB)
I am in GXY under $1.00 and have increased my position during SP movements below $1.00 ! ...and I do as well trade Momentum swings in a short timeframe... Whilst actively building up a longer term position in GXY !
GXY Price at posting:
88.0¢ Sentiment: Buy Disclosure: Held
