There continues to be a shortage of metals for alternative energy expansion

The market opened up with a heavy 1.2% fall of the All Ords and the Metals and Mining Index fell by 3.4% on the Monday. It was shaping up for a tough week but fortunately that was the worst of it. By the end of the week, strong rallies delivered a recovery. It was a good example of the way the market works; action and reaction. The key is to identify the underlying trend, and not to focus on individual daily movements.

The most notable feature of the recovery on the charts was that the improvements in the leading indices had taken them up to meet the resistance lines of recently commenced downtrends. That would suggest that the next move within the trend, will be down. However, countering this next move is the observation that the Dow Jones Index was up by 1.1% on Friday. If we are following the leader we could see a testing of the downtrends early next week, but there are never any guarantees.

There has been a clip going around the internet in recent weeks in which an esteemed gentleman goes to great lengths to lecture viewers about the insurmountable task of increasing supply of critical metals to meet the demand for renewable energy supply. Simply put, it can't be done 

 WeeklyComm4March2023.pdf