what a bargain!!, page-260

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Thesi

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07/06/17

08:36

Post #: 25139253
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Originally posted by Alterego1168 ↑

Wow.. it's been awhile since I been here.. sounds like some people miss me? and thereby provide a little boost to GXY ?? ... if there's any consolation to the drop today, it'll be that I think there'll be a small bounce tomorrow....

I think it'll break $2.00 eventually, and will be quite ugly! Why? Because the market is absolutely toppy and this asx200 drop is only just beginning and GXY got whacked nearly 6% in one day.

Looks like the "Sell in May and Go Away" is holding true so far.. June+July doesn't look good for the overall market and so I think GXY share price will sway along with the tide (ie: market sentiment)

I think this week is not going to be very good for the market... but gold could be quite useful... (which I"m in at the moment)

Found a couple of slides from the latest lithium supply conference recently held. I know that it goes against what GXY has been saying, including a few of other producers are saying but given that all the mines are coming online in such a short time (as picture below), I think there will be a price crunch in 2018 or 2019....... and eventually going back to historical lows by 2020/2021....

View attachment 603270

View attachment 603273
ESTIMATED DEMAND by 2021
View attachment 603279
Massive OVER SUPPLY by 2021

View attachment 603282

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GXY Price at posting: $2.06 Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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what a bargain!!, page-260

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