In today’s briefing:
- MV Global Rare Earth/Strategic Metals Index Rebalance: Two Deletions & Other Changes
- Gold Feels Heavy. Uptrend Intact but Better Cost Basis in near Term
MV Global Rare Earth/Strategic Metals Index Rebalance: Two Deletions & Other Changes
- Core Lithium Ltd (CXO AU) and Piedmont Lithium (PLL US) will be deleted from the VanEck Rare Earth/Strategic Me (REMX US) at the close on 21 June.
- Constituent changes, float changes and capping changes result in an estimated one-way turnover of 6.4% and in a one-way trade of US$28m.
- The largest inflows will be in Sociedad Quimica y Minera de Chile (SQM US), Pilbara Minerals (PLS AU), Arcadium Lithium (ALTM US), Lithium Americas (LAC US) and Sigma Lithium (SGML).
Gold Feels Heavy. Uptrend Intact but Better Cost Basis in near Term
- Gold MONTHLY chart records back-to-back bearish shooting stars in April and May.
- Steel stocks possibly bottoming on incessant tariff talks creating opportunity.
- Silver looks technically better than gold and likely to outshine precious metal into year-end.
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