Surge in positive sentiment - the bell is ringing

The news of the Chinese stimulus last week provided a boost to larger stocks with BHP, Fortescue and RIO helping to take the Metals and Mining Index noticeably higher. At the smaller end we are starting to see some real signs of a recovery in selected rare earth and uranium stocks, but the improvements are not restricted to these commodities. The copper price has started to recover along with iron ore. The gold price is as strong as 10 men.

Overall there has been enough movement to support a significant improvement in the Sentiment Oscillator as many stocks began testing downtrends and starting new uptrends. It looks like we are on the road to recovery. Money is flowing again and FOMO is about to make a come back. The bell is ringing.

This week we cover Kalina Power, a company that offers a unique entry into the A.I sector via the provision of clean energy from gas, whereby the carbon is captured and sequested back into the ground. The significance of this business model is highlighted by the news that the Three Mile Island nuclear power facility is to be reactive with the specific purpose of powering data centres for Microsoft. Powering data centres looks like an enormous growth opportunity. 

 WeeklyComm28Sept2024.pdf