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BTC negating breakout could mean impending correctionINVESTMENT CONTEXT The epicenter of the Ukraine conflict is now Severodonetsk, where 70% of the strategically important eastern city had been captured by Russia, until a Ukrainian counterattack claimed it back The World Health Organisation (WHO) reported that there have been 780 confirmed monkeypox cases over the past three weeks in countries where the disease is not endemic The WTO dubbed the global risk for monkeypox as "moderate" U.K. sales in May fell 1.1% on a yearly basis, as consumers cut down on big-ticket items like furniture and electronics A global rush to secure lithium, nickel, cobalt and other key battery minerals from a handful of nations is sending commodity and battery prices to all-time highs Goldman Sachs senior chairman Lloyd Blankfein urged investors to "dial back" on negativity, seeing a rather possible "soft landing" for the economy PROFZERO'S TAKE ECB policy makers are clashing about when to stop reinvesting into the continent's government bonds, with some positing to act as early as this week. ProfZero keeps ECB - and now also Bank of England, BoE - policy making high on its radar, as but parts of the impending quantitative tightening have been priced by market In a rather choppy session, equities gave up much of the earlier gains on June 6 as bear momentum persisted. ProfZero concurs with The Economist on a recession in the making for 2023 or even 2024, as higher interest rates trickle down into costlier mortgages and liquidity dry-up for "zombie" corporates (i.e. firms that can't generate sufficient cash flow to make up for interest payments). Yet near-term breathers like China's reopening and the resilience of U.S. economy point to a rather mild crash. Will that be enough to absorb also the surge in commodity prices? Much of the answer lies in China, where Goldman Sachs just boosted forecasts May 20, June 1 and June 6: ProfZero called all BTC sell-offs indicating insufficient buy-side pressure. Now that the triangle trade is restored, a potential correction is brewing - a new call on leg (C) of short-term Elliott wave PROFONE'S TAKE ProfOne’s sees it about time to dig into container shipments, given that 90% of the world's goods are seaborne. Port bottlenecks, shortage of empty containers and land transport delays, worsened by Ukraine-Russia war and Chinese lockdowns, caused the well-known supply chains disruptions of 2021. Freight rates are in average five time higher now compared to pre-pandemic levels. While global carriers are enjoying the sixth straight quarter of record-high profits, prices do not see signs of abating. ProfOne agrees that China reopening and decline of consumer demand like in the U.K. could ease the situation, but there is no optimism about steep freight rates reduction just ahead of peak delivery season and ports congestion still at historically high levels PROFTHREE'S TAKE Building on China's Premier Li Keqiang warning in May that the economy is now facing bigger difficulties than those in 2020, ProfThree points out a contraction of China’s services activity for the third month in a row. In May, the Caixin gauge rose to 41.1 points after plunging to 36.2 in April, yet remained well below the 50.0 points level which separates growth from contraction. Referring to ProfZero’s recent reflection on the deflationary nature of services consumption, ProfThree is worried about the growing unemployment the sector is facing due to COVID-induced restrictions, and its effect on the economy. Profs are awaiting Chinese data on inflation due June 10, both PPI and CPI (Producers’ and Consumers’ Price Index, respectively). The print is considered one of the key factors in the People's Bank of China's decision on interest rates expected by the third week of June
CME:BTC1!
by ProfZero
TMC Planet’s Largest Resource of Battery MetalsAfter my first price target was reached: Now you should know that The Metals Company successfully concluded the latest campaign in its $75 million multi-year deep-sea research program to establish the potential impacts of the Company’s proposed polymetallic nodule collection operations. TMC holds exploration and commercial rights to three contract areas which host an estimated 1.6 billion tonnes of polymetallic nodules containing high grade nickel, copper , cobalt and manganese, in the Clarion Clipperton Zone of the Pacific Ocean. The Planet’s Largest Resource of Battery Metals could electrify the entire US electric vehicle fleet. I consider TMC to be one of the best buys of 2021! I target a 10X speculative upside potential by the end of the year.
NASDAQ:TMCLong
by TopgOptions
2
Will chaos in nickel prices disrupt the EV boom?The nickel market has been in disarray in recent weeks as prices soared to unprecedented levels before going on a freefall amid supply concerns and an unexpected short-squeeze by one of the world’s largest steelmakers. Nickel is one of the most common metal elements in the world used to make stainless steel, batteries, coins, and other metal applications. How the Russia-Ukraine conflict drove nickel prices higher Russia is one of the world’s largest producers of nickel, supplying about 20% of class 1 nickel that is mainly used in the production of stainless steel and electric vehicle batteries. Data from market research firm Statista showed that Russia was the world’s leading exporter of nickel and nickel products in 2020, shipping about $3.02 billion worth of the commodity. The conflict between Russia and Ukraine sparked fears of a nickel supply crunch as Russia has been hit with a number of economic sanctions and as importers of other Russian commodities like oil avoid being impacted by sanctions. The short-squeeze that sent prices skyrocketing In addition to the supply concerns induced by the ongoing Ukraine conflict, a short-squeeze involving Tsingshan Holding Group, touted as the largest nickel producer in the world, was also behind soaring nickel prices. The Chinese company took a nickel short position of 200,000 tons of nickel in the London Metal Exchange (LME) and as the price of nickel surged in the early days of the Ukraine crisis, the company’s short position was left in disarray, setting it up for a paper loss of about $8 billion. Tsingshan recently inked a deal with banks to avoid further margin calls, buying it time to cut its nickel position as markets stabilize. LME forced to halt trading The short-squeeze and supply concerns sent nickel prices skyrocketing by more than 50% to $100,000 per tonne on March 8, significantly up from about $25,000 per tonne a week earlier. The surge prompted the LME to suspend nickel trading and impose price limits to maintain stability. Since the trade resumption, prices have been on a freefall over low trading volumes and concerns about the status of Tsingshan’s short position. The benchmark three-month nickel on the LME fell 2.2% on Tuesday at 10:30 a.m. GMT to $32,000 per tonne. What the volatility in nickel prices could mean for EV makers Higher nickel prices could drive up the costs of electric vehicles even higher as nickel is one of the key materials used to produce EV batteries. Morgan Stanley auto analyst Adam Jonas had recently warned that EVs in the US could be $1,000 more expensive as nickel prices soar. This could hurt electric carmakers’ profit margins and impede the growth of the burgeoning EV market at a time when markets like China, Europe, and the US transition to new-energy vehicles. The shortage in nickel and skyrocketing prices of the metal have forced some EV makers like Tesla (NASDAQ:TSLA) to look for other battery materials. In late February, Tesla CEO Elon Musk tweeted that the Silicon Valley-based company’s biggest concern for scaling lithium-ion cell production is nickel. “That’s why we are shifting standard range cars to an iron cathode,” Musk said. Tesla recently hiked the prices of its Model 3 and Model Y cars in the US and China, the world’s biggest car market, due to high raw material prices. Its rivals in China including XPeng (NYSE:XPEV), Li Auto (NASDAQ:LI) and BYD (HKG:1211) also announced price hikes to counter rising raw material costs. However, NIO (NYSE:NIO), another local player, last week said it has no plans to raise prices at the moment after its sales have lagged behind its rivals XPeng and Li Auto for five straight months.
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by BlackBull_Markets
Curious case of Nickel MinesThis is a story about how exponential increase in Nickel's price negatively impacted a fundamentally strong nickel mining company and without any fault from the company itself!!. ⬜ Little bit of background We all know that commodity prices are skyrocketing due to Russia-Ukraine tensions and in the fear of sanctions on Russia. Russia has major market share in mining and supply of Nicke. Quick google tells me about 5-6% of nickel in the industries supplied by Russia and about 17% of the high purity nickel comes from Russia. With the fear of sanctions, like any other resource which has dependency on Russia, nickel started skyrocketing from past few days. In fact, it went much higher than any other commodity out in the market due to lack of volume and high short interest. Quick glance on CFD providers says, nickel price went from 24k to 62k. In reality, it went much further that LME (London Metal Exchange) has to suspend trading nickel. I could not find genuine source on the actual last traded price. But, it seems it went beyond 100k per ton before LME suspending the nickel trade. ⬜ What happened to Nickel Mines?? In general increase in prices of metal positively impacts the companies mining it. But in this case, price of nickel metal went up nearly 5 times and yet, it caused Nickel Mines to drop by 37% from its peak!! How is this possible. Make no mistake, Nickel mines is fundamentally very strong company with strong financials. Here is a snapshot from my fundamental indicators. But, something happened which is not in control of the company. Nickel mines sells most of its mined products to a Chinese Nickel and Steel giant - Tsingshan group. Tsingshan is also a major shareholder of Nickel Mines. It so happened that Tsingshan had a short position on Nickel on LME as hedge which went out of proportion due to the event of short squeeze. This has put Tsingshan in the risk of losing billions over margin call. Being a major supplier and partner to Tsingshan, speculation on Tsingshan dumping nickel mines shares (to come up with additional margin) ran a muck which lead the price to drop from its ATH of 1.79 ti 1.135 in two days. There was also risk of suspending partnership in the unlikely event of Tsingshan going further into financial hardship. ⬜ What is going to happen next? Nickel is in trading halt in LME and prices in CFD providers isn't moving. Upon checking other markets where nickel is traded, it looked like the peak has been reached and price is calming down. For example, this is snapshot from Indian exchange MCX Which means, high chances of Tsingshan recovering from the margin calls. Demand for nickel (which is used mainly for manufacture of Steel and also as a battery metal) is still pretty high and even if Tsingshan is affected in the way it can impact Nickel Mines, it can only be temporary setback till they find new partners. Considering the high price of Nickel, it can only add value to company mining it rather than taking away from it. Hence, I believed that this is an opportunity. After sometime, trading resumed on Nickel Mines and company too provided their clarification on the matter which reads as below: This clarified that Nickel Mines is not impacted from this event. Post this, stock price recovered back to 1.40. Even though you are technical based trader, sometimes, it is important to look beyond technical analysis. I believe this is one such scenario.
ASX:NICLong
by Trendoscope
26
$PLG - ANOTHER ONE READY TO BLOWPLG is another name in a long list of stocks that look ready to run lately for geopolitical reasons. Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Western Bushveld complex, South Africa. It also develops next-generation battery technology using platinum and palladium. Platinum Group Metals Ltd. was incorporated in 2000 and is headquartered in Vancouver, Canada.
AMEX:PLGLong
by jaykenneyTRT
NICKEL 4H BUY Analysis4H BUY on Nickel at the Blue Line would have resulted in massive gains! The Volume Indicator showed that this was on a 4 Hour Uptrend with both PRICE AND VOLUME. The Fundamentals: The material used in stainless steel and electric-vehicle batteries surged as much as 111% to $101,365 a ton after closing up 66% the day before. It pared gains to be up 74% at $83,500 a ton as of 3:10 p.m. in Shanghai. The market on the LME is in the grip of a massive squeeze in which holders of substantial short positions are being forced to cover at a time of low liquidity. To give a sense of nickel’s dizzying surge, it has risen around $11,000 a ton over the last five years. This week alone, it’s jumped by as much as $72,000. Nickel was already rallying on tight supplies even before Russia’s invasion of Ukraine, which has sharpened fears of sweeping commodity shortages. Higher nickel prices, if sustained, threaten to ratchet up costs for electric-vehicle batteries and complicate the energy transition. Russia produces 17% of the world’s top-grade nickel.
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by reiiss7
$AQMS - LOW FLOAT SHORT SQUEEZEWriting this up very quickly as we prepare for the open. This setup looks outstanding. Aqua Metals, Inc. engages in the recycling of lead, lithium primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was incorporated in 2014 and is headquartered in Reno, Nevada. Basically, this company recycles the components of batteries. This is a hot sector right now. Decently low float (66.17M) and a bit higher short interest (8%) Not a recommendation to buy this stock, I am not an advisor, I myself considering 4/14 2.5c.
NASDAQ:AQMSLong
by jaykenneyTRT
2
Cheap Nickel junior located next to companies worth 100x moreXander Resources is an under-the-radar Nickel-Gold-Lithium play with properties next to companies worth 100x or more than its $3.6M market cap. Timmins, ON Nickel property that is right next to Canada Nickel Company TSXV:CNC ($330M market cap) is of particular interest. Nickel prices are hitting 10-year highs on dwindling inventories. Exploration will begin in early 2022 and there's no other junior that I am aware of that is this cheap and owns this many prospective projects right next to major discoveries and existing mines. In addition to #Nickel, XND also owns: - #Gold claims next to TSXV:PRB ($305M mkt cap), TSX:GBAR ($57M mkt cap), $TSX:ELD ($2.1B mkt cap), TSXV:MD ($37M mkt cap), TSX:WM ($290M mkt cap) - #Lithium claims next to existing mines & CSE:NEWD ($17M mkt cap) Technicals: Bullish MACD momentum. Accumulation trend. Bullish biased Falling Wedge pattern on the longer term weekly chart.
TSXV:XNDLong
by wealth_bakery
$TLO signs nickel supply deal with $TSLATesla signs deal for first U.S. nickel supply with Talon Metals Jan 10 (Reuters) - Tesla Inc (TSLA.O) has signed its first U.S. nickel supply deal, choosing Talon Metals Corp's (TLO.TO) Tamarack mine project in Minnesota due to plans to make the electric vehicle battery metal in a way it considers more environmentally friendly. The deal, announced on Monday, comes as demand for nickel is expected to jump over the next decade as EVs go mainstream. Nickel bolsters energy storage in a battery's cathode, which in turn extends an EV's range. Tesla Chief Executive Elon Musk in 2020 pleaded with the mining industry to produce more nickel "in an environmentally sensitive way." Musk also derided U.S. nickel production as "objectively very lame". By sourcing from Talon's Minnesota project, a joint venture with Rio Tinto (RIO.AX) slated to open by 2026, Musk secures a key U.S. source of the metal for Tesla battery factories in Texas and Nevada, while also reducing the company's supply lines. The automaker last year signed nickel supply deals with BHP (BHPB.L), (BHP.AX) in Australia and from New Caledonia. Indonesia is the world's largest nickel producer, but miners there typically use energy-intensive technology to extract the metal and deploy controversial waste disposal practices, including dumping waste rock in waterways. Talon Metals plans to use technology it hopes will allow it to suck carbon dioxide out of the atmosphere and chemically bind it - and thus permanently store it - to rocks found inside its Tamarack project in northern Minnesota. The process, which is still being tested, would effectively let Talon market nickel as carbon neutral, a huge appeal for Musk and Tesla. "Responsible sourcing of battery materials has long been a focus for Tesla," Drew Baglino, a Tesla executive, said in a press release. Tesla plans to buy 75,000 tonnes of nickel concentrate over six years, as well as smaller amounts of cobalt and iron ore, at London Metals Exchange-listed prices. It was not immediately clear where Tesla will refine the nickel concentrate. The United States does not have a nickel refinery. Shares of Talon were halted just before the news was released. Shares of Tesla closed Monday up 3%. "Talon is excited to support Tesla's mission to accelerate the transition to renewable energy," Henri van Rooyen, Talon's CEO, said in a statement. In 2020, the automaker inked a deal for lithium supply with Piedmont Lithium Inc (PLL.O) for its Texas battery plant, but the deal was halted last year amidst rising opposition in North Carolina to Piedmont's proposed mine.
TSX:TLOLong
by wealth_bakery
2
Vox Royalty continues towards C$5 million revenue targetTORONTO, CANADA – November 2, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to announce that it has realized preliminary quarterly royalty revenue of C$1,558,800 (US$1,223,400)(1) for the three-month period ended September 30, 2021. Quarterly revenue benefitted from record royalty-linked gold production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret and Mousehollow deposits at Higginsville covered by the Dry Creek royalty and record royalty-linked iron ore production volumes by Mineral Resources Limited (ASX: MIN) at Koolyanobbing, and consistent royalty revenues from each of the Company’s Janet Ivy gold royalty and Brauna diamond royalty. Royalty revenues relative to Q2 2021 were in line in spite of a significant reduction in realised iron ore pricing at Koolyanobbing. Quarterly, year to date, and annual revenue guidance figures are summarized in the below table: Kyle Floyd, Chief Executive Officer stated: “We are pleased to announce another quarter of strong royalty revenue and multiple royalty-linked production records at Higginsville and Koolyanobbing. The Vox portfolio remains on track to deliver revenue at the higher end of our expectations, even in light of revenue guidance doubling in July 2021. Further, we anticipate the first royalty revenue from our Segilola asset during Q4/Q1, following the achievement of commercial production at Segilola in October. The coming quarters present even more value accretive developments for Vox shareholders to look forward to, as we continue our industry-leading organic growth trajectory from 5 to 10 producing assets by late 2023.”
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by TH_Analysis
Recent News Flow - Vox Royalty The Silicon Review "The company is currently evaluating more than $500 million in royalty deals and should continue to lead the industry in growth as it has for the last two years." Electric Royalties Ltd. TORONTO, CANADA – July 5, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”) is pleased to announce that it has entered into definitive transaction documentation with Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties”) for Electric Royalties to acquire a portfolio of two graphite royalties from Vox for C$2,850,000 in shares of Electric Royalties and a C$50,000 cash non-refundable exclusivity payment (the “Transaction”), as announced in a prior press release dated May 18, 2021. Vox has now closed above the 2.56 level and is showing strength with daily swing of higher highs and higher lows. When the share price closes above the 2.88 level, the corrective cycle will have a higher probability of returning to an impulsive move higher.
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by TH_Analysis
Nickel short tradeThanks for viewing, I am not sure how widespread interest in Nickel is, my interest in Nickel is; - It is a valuable metal that is in demand as the world turns towards electrification (Nickel currently has a low proportion of its demand ~3% from batteries and ~70% from steel-making but EVS. Vehicle manufacturers are turning towards much higher proportion of vehicles being EVS and battery manufacturers are turning to higher efficiency batteries with a higher proportion of nickel, - There are therefore, strong fundamental reasons to expect strong long-term demand, - It is possible to buy large volume physical metal and store it in secure locations (you can even take out a low interest loan on a %age of the market value of the metal collateral) like silverbullion.com.sg. - I would like to add physical Nickel into my "all weather portfolio" (so that commodity positions comprise 7.5% of the portfolio - a la Ray Dalio) I am looking for an entry point to buy. If you trade, I put my entry point on a break below the swing low for a 1:1 extension of the previous drop. If my view is correct this would allow wave (B) to complete without making a lower low (than was set in Feb 2016). This would set the scene for a new bull move towards all-time highs. That short trade (stop placed arbitrarily above nearby resistance) could net -27% closing out at $180.93. Actually, I may look into a platform that offers a short contract. If the Feb 2016 low is exceeded, my bullish scenario is off the table. Reasons for a bearish view: - MACD histogram strong down trend, - MACD moving averages looking like crossing over to the downside, - If a wave (B) unfolds to an expected 1:1 extension that will mean an 44% price decline, - Lower buy volume for Iron ore over the past 18 months and signs of exhaustion in the Iron Ore rally - and as so much of nickel demand is from steel-making this would also drag down Nickel, - Nagging suspicions about a generalised property bubble that is in the process of deflating in the west (commercial property down 20-30% in the US in 2020) if it gets underway (massive manipulation will be required to stop the implosion of a huge speculative bubble in residential and commercial property) in China - there could be a huge reduction in steel demand for construction. At the moment I'm not trading, but looking to enter long around the $180 (below $8000/ton) mark. At the moment silverbullion.com.sg is offering just under 4% over spot and similar buy-sell spread. Storage fee are around 1.5% per year at current prices (more as a % basis for smaller 250kg / 550lb amounts). They have 2000kg bags of 99.8% pure Nickel at USD14,986/ton. I would be looking to enter below USD8000/ton and am hoping for a ~40% price drop overall before the next bull market. Of course, I could be wrong, or right but too early, or I may miss the buy-zone for some reason (like lack of funds) even if it unfolds exactly as I have charted it. I am not an affiliate and the link posted isn't an affiliate link. It is just something I discovered in my search for gold and silver bullion non-bank vaults. If anyone knows of a better offering elsewhere - please let me know (I am also interested in low premium / spread bulk copper - not small ingots or coins). Lately, I have been finding Elliot Wave principles very helpful in determining entry-points into commodity, gold and silver, and equity positions. When pessimism prevails people and organisations sell or get liquidated and the bottom normally isn't right at the point that fundamental factors switch from 'sell' to 'buy'. I find EW is helpful for setting entry and exit points - especially in lieu of more concrete information. Protect those funds
DJ:DJCIIKShort
by flyinkiwi10