⛏ Elon bids lithium up

Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining / energy news . Where we come together to love and hate Elon Musk.

On this Sunday Issue, as usual, we’re answering your most pressing questions.

Happy Sunday, Lithium Speculator

Ah yes, the good old leak on a long weekend. In short, we don’t know if this marks a top or not, but what we’ve learned in mining and hope to impart:

• Automakers need to guarantee supply. They’re probably bidding each other out (by the number of deals announced in the last 3 months). This is bullish short term as they may be willing to overpay.

• A good bull thesis needs numbers to back it up. Are you confident in your supply and demand numbers?

• If things are getting heated, you need a good sense of technical analysis to understand when things have turned - how good are your chops?

• Last but not least, did you get in at a cheap price? If you can’t say yes, with numbers, we’d stay away. Taking some profits here if you own Sigma is probably wise. Investing in mining is like a long list of wild opportunities and the next bus is about to arrive.

Hope this helps

The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational/entertainment and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.