some interesting charts
Basically what this is showing is our consumers have started the uptrend (Gangfeng / Tianqi / LIT ETF) with most them having broken a significant 1 year channel.
But Suppliers are still dropping (ORE/GXY) to name a few
So if our consumer stock prices are going up due to changed market dynamics, what is logical to follow suite? Yup - suppliers...
Common GXY! Makes it so hard to hold but as buffet says - The stock market is a device for transferring money from the impatient to the patient.
He's alot richer and alot more patient than me. hurry up GXY!!!! Take us out of orbit already