Short Term Trading Week Starting: 22 Jan, page-143

Awesome post man, can't really add anything of value unfortunately as I'm on my tablet but I do think this is a semi orchestrated perfect storm to cause some panic selling in lith in order for the instos to reaccumulate. I can't see any meaningful size been distributed really and I def don't believe the run is over. I'm eyeing a few for technical entries on pullback. ORE even looked strong into the close but I wanted to see how ALB SQM FMC fair overnight first. I also know these pullbacks can often go deeper than I expect and I felt alot of pain on GXY some months back getting in too early......on margin too lol.

As for cobalt, almost hits $80K and LME levels at their lowest in a year and yet ours get belted. AUZ saw some heavy selling today but it's possible it was also a lot of stops being triggered. I guess we'll see tmz if there was hidden buying.

With the liths I think I'll be focusing on ones that have that little something extra that makes them standout against their peers. I'm still trying to understand why TAW has the highest EV/JORC of them all, can anyone tell me if I'm missing something here - i know they are currently drilling to expand the resource and LOM but so are BGS and they are valued at about 1/7th the amount. Surely soverign risk can't account for all that? I think GXY is also attractive as a producer given it's cash balance and no debt. It has James Bay at feasibility level and the Argentinean brine project too. It'll pretty much have the capex ready to get either going. Hopefully the brine for diversification. The potential of 4CE if it hits a length like AVZ always keeps me coming back. Ran over TAR real quick but see Linda Steinepreis and co are offloading. Makes me wonder.

As for this recent oversupply debacle, there is a really good breakdown on the ORE threads by a HC'er. It's one of the highest rates posts on there so should be easy to find. Makes some really good and logical points and also shows how the media have (purposely?) misrepresented the numbers from SQM.

After learning most of my TA from VSA/Wyckoff I can't help but always think back to Master the Markets when I hear of this sort of all of a sudden crisis type flood of news on a subject or sector that was seemingly non existent a few days before.

Disc: Only holding AUZ out of all that lot I think, sitting on the right side of the sidelines waiting for once.

Holding a fair whack of non lith related stuff though.

Let's see what tomorrow brings.