Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
No significant short positions on short tracker either:
https://shorttracker.co.uk/company/JE00B5TT1872/
deepjoy - I agree with you. The debt market is looking shaky and looks likely to implode, either sooner or later. Then chaos will ensue and real assets/PMs/commodities will rise first from the ashes. If history repeats itself PM miners will rebound strongly.
My guess is this sell off is in anticipation of the Fed possible raising rates by 0.75%. If they do the market will continue this sell off beyond tomorrow, if it's 0.5% I think some sanity will return and PMs will rise.
GS sees recession risk at 35%:
https://www.washingtonexaminer.com/policy/goldman-sachs-pegs-recession-risk-at-35
As far as I can tell GS are only right if:
1) global recession temporarily hits EV/battery market - possible
2) the green agenda is dropped - not possible
3) A new battery technology replaces Li - maybe but not for a decade or so
4) fast tracked new supply breaks all records to production - only is the Lithium fairy exists
The problem for Biden and Powell is how to win the mid-terms whilst continuing to screw the people.
Cue more inflation busting nonsense that will destroy the economy whilst they pretend they are protecting the 'recovery'.
PMs will probably take a hiding.
Well the supply/demand imbalance looks like it's going to continue for a decade at least so I would tend towards the higher valuation. Factoring in the small percentage of ground currently explored the potential here is huge.
Sit tight and prepare for retirement :-)
Should be a champagne day - currently the Prosecco is flat!