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John, to me it’s about gaining strategic footholds like donbras or whoever spelt etc.
as two hits said though, the focus is fed/qe and in reality adding in Russia all it’s done is sped up rotation trade.
You can see defensive sectors aren’t performing, so it’s not a Russia/Ukraine issue.
It’s classic mid term year and into cny, decent sell off we got good deal more vol to come but tvijk the fed goes 50bps March and settles down quickly. Paves the way for a strong h2
Literally nobody in the mkt cares about ukraine, it is all about the fed. Said it before, for anyone who still doubts that look at the mkt today, was nothing to do with the ukraine, all about powell.
foz
Hello again
I am hopeful that you are right about Russia/ Ukraine. Putin is a much derided character but he's a wily old dog. If he doesn't invade he'll look like everyones hero and the West will look foolish by reacting the way they did while Putin continually assured he wasn't planning to invade. When this is clear I assume there will be a bounce of relief in the markets.
Regarding ZNWD, the post cash raise/ BCN debacle bounce seems to have come right off. Suppose its a good top up point?
Putin wont March on Kiev, he’ll support separatist troops in eastern Ukraine and that’s as far as it’ll go.
Market is going through rotation more than it’s reacting to Russia, the rotation trade just got sped up.
We will have another heavy down day but h2 was always going to be better than h1 and historically it always is in a mid term year. We also sell off into cny and then buy it back after. Winter Olympics could speed up China in opening up especially if western world is at that point with covid.
These moves been healthy, the fed will be happy some froth taken out. Be prepared for another heavy down day but that’ll be time to really buy and it’ll feel rank.
That totally failed, sold out of 70% risk today, mkt looks fugly.
Well that was a fun day! Hell of a finish in the US. Mkt is jittery on fed, nobody cares about ukraine/geopolitics anymore.
Huge bullish hammer on SPX, should be risk back on for a few days at least.
At the moment US seems to by coming back up. Let's hope it continues and the tension on the Russian / Ukraine border recede (an not just because of the positive effect on the markets). Last think anyone wants is more war.
Yep agree John just a weak market with Russia fuelling it on already sensitive due to valuations. Apple earnings could kick us another let down.
The one thing I had been very happy till this morning was lithium related outperformance …any feud with Russia should re-emphasise the need for renewables…
The markets are weak. Nothing more
bnz
That is the key factor imo why Li companies are not valued higher. Take VW for example, they have said that supply for manufacture of their vehicles will be resourced responsibly. Having little or no impact on the environment. So they have signed a deal with a Chinese company to supply materials for their EV batteries.
I read recently that China have a policy of relaxing environmental restraints in their own country if a resource is of critical in the development of their industry. This again imo is why China is leading the way.
Apologies to other LSE members as I know links and research is boring but it does give an insight into why unlocking our asset is not as easy as some think and why miners in this sector are not at a value that reflects their potential.
https://www.volkswagenag.com/en/news/stories/2020/03/lithium-mining-what-you-should-know-about-the-contentious-issue.html#
Any reluctance to produce only adds pressure on the supply/demand concerns
yep
And if the chinese are involved EU might wake up. Sadly... but for us here it is very positive for 2022.
bnz
Been following this story for a couple of months. I did read that the decision by the Serbian government will be reviewed after the election.
Any reluctance to produce only adds pressure on the supply/demand concerns.
One thing I’m sure of, Rio will still seek to be a top 10 producer.
hxxps://www.reuters.com/markets/europe/rio-tinto-shares-take-hit-serbia-pulls-plug-24-bln-lithium-project-2022-01-21/
Yep probably ppl who don’t really know what they’re doing but bought in on a tip expecting to multi-bag overnight. Often see that with a spike off the bottom, ppl hit the bid because they got scared and want to protect their money. Bad time to sell. That said the chart looks awful right now. Large gap and massive shooting star. Not good if it stays like this!
Twohits
I think private investors are selling into the news. Seems like everyone finds it easy to invest with their money but don't want to invest their time. We have seen the back of our 10% er's so 22p resistance should be easier to take out this time.
Why any investor here or in EMH want to sell at this level is beyond me but everyone has their own strategy of making money and all have different personal circumstances.
I have been looking at the MoU between Vulcan and Nobian (Frankfurt based) and see any development there having an influence on our share price as they look at supply available to them locally.
True leas. Nice little tick up through this resistance here would be nice today, just needs a little nudge higher and we’re away.
EMH coming back down. A real headscratcher that one, never seems to want to hold gains and it’s an excellent asset - albeit behind us in terms of where it’s at.
Twohits
As we know, the market is very fickle. Information does take time to be absorbed though and analysts will probably comment several days later.
Massive up in aus overnight, should translate through to here.
EMH update was a cracker the sp moved 6% at peak obviously nobody gives a hoot about lithium price. Sold up very disappointing.
Massive upgrade, expect that to be replicated here. Onwards and upwards.
Interesting to see how our friends across the border are getting on..: