Post by
Appreciation777 on Jan 18, 2024 2:37am
Investing in Tungsten is an Insurance Policy.
The market is an anticipated mechanism for ALMONTY, just a matter of time as the desired objective goals are coming together.
Tungsten is a rare metal that the Western Nations have a need for and do not want to be strategically at the mercy of China that controls 95% of the rare metal production. Further; Tungsten is under the national security radar screen as a scarse metal in United States and other Western Nations.
I believe, that given the current support level of many investors not wanting to miss this Golden opportunity, a bullish breakout to over $1 could be underway.
GLTA
Comment by
TwelveBagger on Jan 18, 2024 6:37am
A bullish breakout would have to be much higher than $1.20 in my estimation, but would be a good start! lets hope you are correct regardless of splitting definitions of "bullish" and "breakout"! GLTA Also
Comment by
TELEMARKER on Jan 18, 2024 9:29am
"China that controls 95% of the rare metal production." wrong. Better check your facts. More like 50% of world W production
Comment by
TELEMARKER on Jan 18, 2024 9:32am
https://investingnews.com/where-is-tungsten-mined/
Comment by
chizzles on Jan 18, 2024 9:54pm
ASX currently at $0.70 with the bid being $0.70, ask being $0.74. ASX has been trending up quickly also. I'm thinking both exchanges finishing the week at $0.70.
Comment by
whoisyourpapa on Jan 19, 2024 11:59am
The ask side is a little more normalized now with around 55K shares to .70 cents. No more 25K shares to $1.20 Bids still looking fairly strong with around 100K shares between .60 and .64 whois