Originally posted by Silent-Bubbles
I would have thought the election results in Brazil would have moved the needle on the SP a little more actually.
It wasn't that long ago that the United States declared a strong focus on strengthening its relations with its Allies Brazil and Argentina. In part due to the fact that China has recently surpassed the United States as Brazil's largest trading partner. Even before the election , Brazil was the largest Latin American supplier of oil and soybeans to China - whereas rather than focusing on trade in commodities , US imports from Brazil are more focused on manufactured goods and services - which in turn is seen as a more beneficial contribution to the long-term development of the country
I think it was the former commander of the U.S Southern Command - James Stavridis who recently cautioned that the United States must approach the region with more Humility and that Latin America is not ' America's Backyard ' but rather an attractive economic partner as well as an important security ally.
Then there was the former Secretary of State Tillerson's speech which would have done well to exclude from this speech the declarations that the Monroe Doctrine which is a document that painted Latin America as a U.S sphere of influence and was not to be touched by outside powers was " as relevant today as it was the day it was written " which was in 1823.
So it's pretty clear that it is time for the United States to construct a new and modern relationship with its regional neighbors. This will indeed prove a more fruitful if not strategic response to China's ever growing presence and influence south of the U.S border.
So I would look for Trump and his new counterpart to be strengthening trade ties in view of the recent tariff war's with China's as well as the mere fact of its increasing influence in this region. Either way , all this bodes well for CTM and it should ultimately be better than just a few ' Pips ' IMO......clear.png
Looks like all shares are having a hard time - TNG just had good news that the holders thought would move the share price by 10% to 20% and it has barely risen. I did expect the 1 pip rise in all honesty with CTM, for it looks like the whole Aussie market is skittish. The Salobo permit will get us back to 1.5 to 2 cents and then the speculation of the drill results could double or triple that. (My own thoughts & speculations!)
The USA will pass the baton to China by 2032 as the stand alone superpower - I think the USA, like the EU will split. Talking to a Ugandan who works in Oz and owns a farm back home - he said you have to see what the Chinese are doing in Africa in all areas of mining, infrastructure, political influence,he said we have no idea, then you mentioned South America and we have the Chinese all over the Pacific too - as well as great owners of real estate, farms & mines in Australia itself and the peddling of political influence with the ALP & the Lib/Nats. I own property in Tasmania and President Xi went from Canberra to only Tasmania - my mail is that he bought up biggly down south! Rapidly changing times.
Finally I do think the CTM permit will come through quicker now because of
Jair Messias Bolsonaro
election, so good times ahead - Regards.
(20min delay)
