Into the "good" months! :)1 Jul 2022 18:37
Well I'm gobsmacked the SP has withstood the market set-backs the past 2 days let alone this year to date. (Although the SP has dropped 1p by close, the bid; the selling price - remains okay by comparison).
IMO the SP now enters the 2nd best period of the year for a chance of outperformance by the SP.
I'm encouraged to believe traditional August has not been destroyed by the collapse of the supercycle in PGM commodities. (January and February is the first best period of the year and both those months delivered this year!)
January has done that since SLP has been listed on the market - August only since the 5 years, up to ending May 2021
thereafter it all collapsed. (But not January)
First things first, the higher lows and higher highs are almost dead - by appearance with that extreme low in June, virtually putting paid to that idea.
Higher highs have been a rarity since August of last year and unless we get one in either July or August, then for me to repeat "higher highs" would be stretching credibility.
June was no where bad enough as it's traditionally been, so all previous dependable annual characteristics are in flux and no longer dependable as they had been especially for the 5 years non-stop that ended in May 2021.
Those who promoted SLP as only worth 80-odd p, must be recognised for calling it correctly. But that was then. I thought and still think it's value is worth a couple of quid!
So now it's time to see if giant-killer August has a heartbeat. July has historically until last year nearly always been not half bad, but those days are as good as gone, unless I see /hear a pulse.
Unfortunately every trend measurable is down-trending and still bearish on SLP, more due to geopolitical events outside of company control, than self induced.
Therefore until we see that pulse (this month or August?) the 80p'rs rule the roost.
PS.
THS is having a torrid time of late and a worse time than SLP, SP-wise.
All balance sheet metrics for SLP are now superior to THS. Screen filtering-wise SLP tops THS as the better buy on every screen.
Fact, not opinion.
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