Companies are trading graphite projects for gold

The markets are continuing to trade beneath recent highs, reflecting a loss of momentum for the time being. The Sentiment Oscillator is retracing from its extraordinarily steep rise. The coronavirus pandemic is rallying (to use a market term) and uncertainty about a recovery is still a concern. Volatility in the stock markets is still high and gold is the preferred commodity. Will it stay the same for an indefinite period of time, while liquidity continues to be injected into the markets by central banks? Your guess is as good as mine.

Again we have seen a boom come and go in a commodity without any meaningful commercial outcome apart from one or two companies. This time it is graphite. A few years back it was the hottest thing in town. Now, companies are graphite distancing. 

 WeeklyComm27June2020.pdf