...the trouble with this market is it is difficult to actually predict where the next direction is going to be
...we think it is up when it is going up, we think it is down when it is going down, and often it does the exact opposite.
...unless you're a trader, being on the right side on a single day is pointless, it is what happens over the next week, next month and next year. This is why macro is important to understand, in the short term, speculative sentiment takes hold.
I think we saw that with gold and silver now that the boil is over. If you are holding the real stuff, and in the right proportion, we know it provides a good hedge against stagflation.
But if you are holding anything especially equities that are vulnerable to recession/stagflation, I reckon the window to sell into strength is gradually closing, and best to take advantage of it. Lithium market participants had that chance yesterday.
