Re: Where is the bottom?

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okiedo

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Re: Where is the bottom?

in response to

Where is the bottom?

Pavel

posted on Sep 04, 2024 04:19PM

Widen your notation perspective, Pavel.

Daily Metal Price: Lithium Price (USD / Metric Ton) Chart for the Last Month

Plug in "Lithium"/"Metric Ton"/"Week" and examine the chart.

Of course, that chart isn't definitively "clear" as to the future of Spot Lithium Prices, it only reflects the past week or so.

The "future" Lithium Price is still obscured. It is, in effect, "in the FOG"!

By the way, Pavel, Vocabulary.com defines "Obscure" in one sense of the word as:

make less visible or unclear

“the big elm tree obscures our view of the valley”

synonyms:becloud, befog, cloud, fog, haze over, mist, obnubilate

Of course, if you have a clear and unobstructed view of the future regarding LAC/LAAC then please feel free to share it and dissipate all of the FOG.

I can't wait to read your prognostication for its veracity and insight.

I am quite encouraged by the recent upturn in lithium prices, but in the Gestalt of the situation I hardly consider that the FOG has been lifted. Obfuscation is still covering the horizon for the present and the clouds and the FOG have not lifted....yet.

Not ready to pop any corks on Champagne at this juncture, but it is better than a sharp stick poked in the eye for sure. Now, if we someday regain the mid March, 2024 price of over $16,000 USD per Metric Ton price for lithium THEN I will pop the corks, but not until then. In the meantime... onward through the "Obscure"!