Friday Investment Talk: Clean Energy Minerals, Cryptos, Market Pullback

The US outlined extensive ‘Clean Energy’ priorities that will create a magnitude of change in demand for metals and rare earth minerals, such as cobalt, lithium, copper, zinc, molybdenum, etc. China is a main supplier of many of these elements key in electricity production from wind and solar power. Politics and transport issues can create supply issues that can impede in the US (and Western Countries) desires to replace traditional oil and gas resources.

Cryptocurrencies has now reach about 2 trillion USD in value, with 900 billion in Bitcoin alone. But the USD still controls 50% of US trade receipts with more than 2 Trillion dollars actually in circulation in the US alone. The USD is likely to stay the world’s reserve currency for some time still. Meanwhile, cryptos still trade as taxable property with high volatility.

Stocks pulled back as expected during September, but new buy signals are showing up in energy companies, industrials and maybe even pharmaceuticals. Supply chain issues have caused Nike (NKE) and FedEx (FDX) to lower guidance – a warning sign for Q3 earnings and 2022 guidance from retail and cyclical consumer good companies.