I predict that the next 6 weeks will be unpredictable.
Front page will be the Middle East.
We predicted on this Forum when Egypt erupted,people power would spread.
The Middle East is not just about Oil,its Religion,a standard of life, its been a hell hole for too long,and people want out.
Whether the CIA instigated the Egypt thing or not,who ever did may have finally solved this eternal problem.
Dictators,Despots,are in serious trouble..in history like the French revolution.
The lure of the Western World lifestyle to the downtrodden is now a happening.Its called Freedom from Oppression.
This will not end overnight,instead will esculate..and with it uncertainty..the market doesnt like uncertaintity.
Oil,Gold,and the new darling Silver will fly these coming weeks.
How will that leave the rest of the market.Nervous.
So where does that leave LYC.
LYC has 2 hooks to throw out as a lifeline whichever way the market responds to global issues.
7th & 31 st March.
Commissioning the Concentration Plant...and Sojitz.
Twiggy and FMG tomorrow will be interesting.
Molycorp..will the Insider sell off have good or worse effects,already a disaster.
Will the new Basket price be out,will it have an influence..currently looking at about a 6 % rise from $80 on the 14th Feb.
Still 2 weeks to go for the reporting season to finish,so far banks,resources,look good,keeping market up.others mediocre.keeping lid on market.
Fundamentally the Middle east means little to LYC,none of them import REE,s,so most of the stuff that may effect the price will be hot air shooting over our heads.
How will the bots.quants,and fund mngrs see LYC through this.
We will certainly know in 6 weeks time how well our hooks hold us up against adversity.
Then there is the back up hook..the strongest of them all..its there somewhere between July-Sept..Q3.Show time.
I exspect the volatility to increase,and with it bigger price fluctuations.ST traders will be sharpening their pencils,the hares.The LT turtles will be happy to drift with the tide.
Do both,be the hare and the turtle..its still a one horse race this year..oh yeah..and next year..hang on..and the year after.
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B |
Open | High | Low | Value | Volume |
$6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 18985 | $6.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.25 | 53073 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81 | 6.180 |
2 | 12000 | 6.160 |
3 | 15000 | 6.150 |
1 | 1000 | 6.140 |
3 | 5534 | 6.100 |
Price($) | Vol. | No. |
---|---|---|
6.250 | 43756 | 3 |
6.260 | 1545 | 2 |
6.280 | 3279 | 1 |
6.290 | 27747 | 5 |
6.300 | 17068 | 11 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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