Well the metals are strengthening, so it would be nice to see the miners outperform and break out of that wedge, and blow through those MAs, kicking off the fall rally.

(NVO) Novo Resources Appoints Greg Gibson to Board of Directors

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1226-tsx-venture/nvo/34475-novo-resources-appoints-greg-gibson-to-board-of-directors.html

Do you think the 233 Week EMA would hold if that fork support in the Dollar fails?

Where do you think next support for the greenback would be if those to areas of support around the $.93 level give way?

I will say this though, the daily EMAs remained in bullish alignment during 2010. Can’t say the same for them now.

Amazing it has gone on so long with out notice….the SHEEple are clueless

I’m interested in adding back to my Novo position soon before the trenching bulk sample assays are out in a few weeks.

She owes her daughter $108,000 – maybe she can ask HILLY for a loan

Oil & Gas will NOT be phased out overnight, and there are literally thousands of uses for petroleum products in industry and daily life.

Personally, I’m considering staking out positions again in the ETFs like XLE, XOP, and OIH to get exposure to the larger producers, smaller Jrs, and Oil Service companies, but I just don’t have the bandwidth anymore to chase the individual names.

Certain investors do like holding the individual issues though because of dividends or capturing outsized move without having them truncated by the average of a basket of stocks. This is true in any sector, and while I’m critical of many ETFs in Gold, Silver, Uranium, Lithium, etc… they do fill a nice void for investors that just want exposure to a particular sector or sub-sector.

Having said that, the largest use for Oil & Gas is clearly in Transportation (Autos, Buses, Airlines, Boats/Ships). As more and more of the market share starts to convert over to Electric Vehicles, then it will squeeze out many of the marginal Oil/Gas companies, and cause a greater consolidation in the space for survival. This will take 10-20 years (not 10-20 months). 🙂

I’m a fan of Lithium, Cobalt, Copper, Manganese, and PGMs because they are utilized in different battery types, and there is growth not just in the cars, but in Electric Buses, Electric Trucks, Electric Tractors, E-Bikes, Forklifts, Drones, Powertools, Tablets/Smart Phones, etc…. Too many people get fixated on just one company like Tesla or Volkswagen, and miss the forest due to the trees. The multiple battery plants being built in Asia are mind-boggling.

The other growth segment is in Backup Batteries for renewable energy sources like Solar and Wind. Since the political pressure and public sentiment (wrong or right) is pushing the market that direction, then renewable power plants will need hefty BackUp Batteries. There are also many remote businesses (including miners) that find it easier to have battery powered equipment or run their remote site power off Back-Up batteries, and not deal with liquid fuels or the emissions.

So many people want to argue about Global Warming (fact/fiction) or how long it will take Gasoline cars to get faded out, or how Big Oil won’t let it happen….. but they are having the wrong arguments, using outdated thinking, and missing the investing thesis in Battery Tech due to the tunnel-vision of their thinking. They are so busy trying to win the debate on Climate Change or whatever has their feathers ruffled, that they are missing the changes in industry that are happening on a global basis.

A larger market of Batteries are coming into MANY areas of daily life with their knowledge and without their permission or philosophical approval. The cheese is moving, industries are adapting, Big Oil is very involved in renewable energy now (they see the writing on the walls), there are more to Lithium-ion batteries than just Tesla or EVs, and it is the cumulative demand for technology, transportation, and being able to store power in mobile fashion without hauling around Gas/Oil that has many companies moving aggressively into bigger and better batteries.

I told people 2 decades ago that you don’t have to like the smell of gasoline to get rich owning a chain of service stations. You don’t have to like Big Macs to get rich owning a franchise of several McDonalds. You don’t have agree with ladies pampering themselves to own a chain of Day Spas. Etc….

You don’t have to own an Electric Car (I don’t) to understand that Batteries are in demand, and the raw components like Lithium, Cobalt, Copper, Manganese are likewise in demand.

For example: I’ve never taken a ride on a Chinese Electric bus. It doesn’t matter. I’m more than happy to own shares in the Lithium companies, selling their material to the refiners, that sell their products to the battery companies, that sell those batteries to manufacturers of Chinese Electric buses.

No intense metaphysical debate is needed to invest in supply & demand fundamentals.

Batteries are simply becoming increasingly used in mobile energy storage, and the odds are that anyone reading this using one right now on whatever device they are using to log on to the KER (if using a tablet, laptop, or smartphone). Pretty simple.