OTCPK:KATFF - Post by User
Post by
Daytrading16on Jul 20, 2017 3:58pm
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Post# 26492342
The reason why we saw a down turn this week.
The reason why we saw a down turn this week.
Cobalt decreased 100 USD/MT or 0.17% to 57,400 on Wednesday July 19 from 58,250 in the previous trading session. Historically, Cobalt reached an all time high of 59750 in June of 2017 and a record low of 21750 in February of 2016. We have seen a drop of about 3k within a few weeks and 1k drop over night. Some day traders saw this an opportunity to cash in as the momentum in cobalt began to reverse. This stocks price is linked to cobalt and copper prices so watch the spot prices. When those rise so does Katanga. Even with with this small dip we are still seeing and are near historical highs. Don't fret friends we are going to be just fine.
Source for cobalt prices and data--https://tradingeconomics.com/commodity/cobalt