Lithium

Lithium is a Strange Element. Its a Metal …but very light and very unstable

Atomic number 3

https://en.wikipedia.org/wiki/Lithium

It has always been used as a Drug…A Tranquilizer (often prescribed for nervous dental patients and goldbugs )

Now its main use is Lithium Ion Batteries.

Its a HOT ROCK right now

Rambus has been on it…Others here have posted Lithium Stocks ( thanks Highroller)

Here are 3 Rocks which just erupted this week / today

Lithium , Cobalt . Graphite , Nickel all hot “electric” rocks

Simplicity Speaks Volumes

No need for commentary. The chart says it all.

BOIL 2 Hour…

This chart has been treating me well…
Strong support hit today on NG…

some lix

 

daily action above

 

Little frothy on LAC with rsi but break out and backtest outta trend channel,  and not so bad with Nemaska. Pick your poison 🙁

 

Miners/Gold short idea

Given the resilience in USDJPY, I’m short miners. GDX as shown, is in a falling wedge pattern which will ultimately be bullish, but from lower levels(22.50 ish?), IMO.

Risk/Reward here is a 23.65 stop on the upside, with ultimately 22.50ish reward – basically 1:6.5 which is great. Gold has the same pattern playing out as GDX, so I wont post it.

 

$NDX

Suspect price will find support at ~ the SMA 50 on the daily. Just a stutter step.

Update on the commodities bull market – Soon it is $WTIC´s turn

I have recently posted on that we have BOs for $BRENT plus for the two quite different commodity indexes RJI and $CRB. Follow the first link in the post linked below for this.
https://goldtadise.com/?p=414543

And for 8-9 months I have posted bullish charts on $WTIC. Now we will very soon see also $WTIC have its BO.

Below are my long standing daily, weekly and monthly for $WTIC. We now have a confirmed BO and BT for my purple expanding falling wedge on the daily/weekly. We also have a solid tagging of the EMA30 weekly.

And both the weekly and the monthly are now soon to BO. This is also synced with my quarterly $CRB epiphany chart which has BO also and a BO in $WTIC will make $CRB move decisively above its now support line of its quarterly expanding falling wedge.
The blue inverse h&s/expanding falling wedge on the weekly/monthly can also be seen as a pretty symmetrical triangle which I have marked out on the monthly.

And below we have my long term daily line chart for $WTIC and here we can see just how close we are now.

See my Big Picture Series roadmap posts for where we are and where we are going, updated collected list linked below.
https://goldtadise.com/?p=407909
I have 100+ roadmap charts in these posts that are all on track.

$INDU vs $GOLD & $XAU

A few posts below Mamare asked me to have a look at the Dow vs gold.

Below are my two monthly charts for $INDU:$GOLD plus $INDU:$XAU I have been following. They are pretty self-explanatory I think. It does not need to be more complicated than this. Put this together with my Big Picture Series roadmap posts and I think one sees where this is going.

And, I know that there is a lot of focus on $INDU:$GOLD but out of these two ratios I think that $INDU:$XAU is the more interesting one generally.

See my Big Picture Series roadmap posts for where we are and where we are going, updated collected list linked below.
https://goldtadise.com/?p=407909
I have 100+ roadmap charts in these posts that are all on track.

Surfs up

He’s had his coffee this morning and has started his day…

Surfs Up

After Bo Polny a much more serious analyst,I take him like a ray of hope .

Hope is kept alive thanks to people like Oliver ,our Graddhy and Northstar.

But the dow/gold ratio is not telling good things for the yellow metal,unfortunately.

I would like Graddhy to take a look to this important ratio and tell all of us what he thinks about it.