private payrolls increased lower than expected, showing the US...

private payrolls increased lower than expected, showing the US slightly slowing.

Xi Jinping did China no favours by siding with his buddy Putin, as now the world is looking for reasons to pull away a bit from china which is causing some slow down along with what was a property slowdown for China anyway.

The Chinese main share index is sitting right on long term support, which really needs to hold.

Both the above, combined. along with the sluggish world economy, have caused the main CRB and LME indices to fall the last couple of days, back to what is a year long support level.

lithium prices are still falling, looking for a bottom.

IXR,MEI, LYC are all not going anywhere and are holding strong support levels. They need to hold.

The SOLAR ENERGY index is now at a 5 yr low, but at least here, it is trying to put in an inverse H&S reversal pattern along with it's cousin, the WIND ENERGY index.

India is booming, but not big enough (yet) to carry the world.

So, bottom line, sentiment is very, very low in commodities, with oil not helping, and to make things worse, Neodymium prices have pulled back the last few days to a 5yr low

Sentiment sucks!

The good news is iron ore is looking very promising as is Uranium. If copper can move over the next week or so, than the commodity index has a chance of turning, and then we need to see how China's main composite index goes.

We seem to be at inflection point and my view is we are nearing, or just passed bottom, ready to turn

Explorers that have made a discovery, usually can run their own race, so VMM probably needs a few days to digest the news in this very weak REE market, driven by all of the above as the volume today is very, very low for an announcement day. MEI is not making any effort today either on low volumes.

The LYC chart might help to give us a clue.



(Good thing that that baseless down ramper has gone, so now we can have some sensible discussions)