No LAC of Candidates for the Anti-USD Trade: Here’s Lithium Americas

[edit] 2 day profit of 17% taken.

Among the global stocks and commodities that stand to benefit from this (if it continues)…

…one speculative position I picked up yesterday is doing well so far. It’s old friend Lithium Americas (LAC), possibly putting in a double bottom.

I like the fact that senior Lithiums SQM and ALB are rallying hard and as of yesterday, LAC was a laggard. In fact, in yesterday’s NFTRH Trade Log notes I wrote this…

Chase former successful Lithium speculation LAC a bit today. But it’s just above long-term support @ 3.50 to 4, which was the buy area of the previous trade in 2017. Larger Lithiums SQM & ALB are rallying but LAC’s symbol should be LAG.

Today it caught on.

What I also like is that the weekly chart shows this potential low coming right at long-term support which, as the Trade Log noted, was the area of last year’s buy for a very successful trade. Other notables are the break of a severe downtrend line and some good up volume over the last few weeks.

Insert here the disclaimer that I’ve already bought 8% lower and that it is a speculative situation. It’s really just another way of illustrating the anti-USD trade, as an old watch list item probed support and I realized that the outlier commodities like Lithium and REE might gain a temporary bid along with the rest of the anti-USD world.

Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas, all archived/posted at the site and delivered to your inbox.

You can also keep up to date with plenty of actionable public content at by using the email form on the right sidebar and get even more by joining our free eLetter. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at