Kovacevic says, "The demand for lithium is going to go from the bottom left to the upper right of your screen. I think it's going to be still for the next decade...a good speculation."
For the market, we're up about 1.3% on the week so far at midpoint. When we take a look at the chart, we've come down, we're getting a bounce in the marketplace. The pattern is bearish.
It will remain difficult in metals until gold breaks through $2090. It's difficult for the banking cartels to keep gold suppressed with the dollar in the declining phase of its intermediate cycle.
Gold is up 1.5% for the week so far. I would assume we would see pretty good resistance show up in this market now at $1980.80 which is the 18-day average of closes.
China topped its gold holdings for a twelfth straight month in October, adding to a wave of purchases by global central banks that has lent support to bullion prices.
