GMM 0.00% 65.5¢ general mining corporation limited

Lithium Price Rocket Launch, page-34

  1. 6,849 Posts.
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    I disagree.

    There is a shift to a new type of stock to hold and investors seeing the old faithfuls fail brings out the bears, trigger happy and causes the sky to fall on stocks that shouldn't. Besides there has been a good run and a pull back from time to time isn't a bad thing if you can top up. The fears in China are likely to have affected GXY and GMM however will change when announcements are made by the companies and China releases some stimulus tied to their 5 year plan which affects any stock in New Energy.

    A lot of money has left China of late to invest globally.

    China’s foreign currency reserves have declined by what looks like roughly $600 billion from their peak and capital is fleeing at a rate of $100 billion a month, in some months

    Analysts disagree about how much capital is exiting China. (It’s not the most transparent place, after all.) RBS, for instance, believes the situation is even worse, and that $170 billion in capital left China in December
    Link
 
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