I own some American Lithium - both for the Li and U exposure. On the daily there is quite a strong bullish divergence. I think we will have a bounce in the coming days but remains to be seen how high it goes. Long term I like the prognosis. If this truly does go to $260 I'll be able to retire early, or at the very least maybe avoid going on Govt food stamps. :)
Thanks for continuing with these writeups. I'm agree with stagflation scenario and trying to position accordingly....but it is taking awhile to play out. I keep waiting for the final SPY 'melt up' as the end game.
You're quite welcome Vae! Thank you for reading. We'll have to see about that final SPY melt-up. I think it could go either way right now but we'll probably know for sure in the next few months!
Yes those are some crazy Fib targets and likely quite a few years out given the degree! I've continued to nibble on the way down to build my position and will add in size once a confirmed low is in.
I own some American Lithium - both for the Li and U exposure. On the daily there is quite a strong bullish divergence. I think we will have a bounce in the coming days but remains to be seen how high it goes. Long term I like the prognosis. If this truly does go to $260 I'll be able to retire early, or at the very least maybe avoid going on Govt food stamps. :)
Thanks for continuing with these writeups. I'm agree with stagflation scenario and trying to position accordingly....but it is taking awhile to play out. I keep waiting for the final SPY 'melt up' as the end game.
😮https://www.kitco.com/news/2023-10-31/American-Lithium-boosts-measured-and-indicated-resources-at-Falchani-by-476-shares-up.html
You're quite welcome Vae! Thank you for reading. We'll have to see about that final SPY melt-up. I think it could go either way right now but we'll probably know for sure in the next few months!
Yes those are some crazy Fib targets and likely quite a few years out given the degree! I've continued to nibble on the way down to build my position and will add in size once a confirmed low is in.
Great work, congratulations again!