To The Moon

$AML3D LTD(AL3.AU)$ Return of AML3D! It is September after all. What's up? [Tongue]  

September is always associated with dips. When the month first started, it feels like a self-fulfilling prophecy! After a good month of August, September kicks off with corrections, both in indices and cryptocurrencies. Even Precious metals group (PMG) paused its unrelenting rally momentarily. For those, PMGs must be the standout performer in that brief period.

Something changed in the week. It is like the 📍 dropped, but it's actually a sequence of events. Jerome Powell offered a dovish assessment, signaling a possible rate cut in mid September US Fed meeting. That was followed by job data that goes super soft (remembering US Fed mandate includes employment ). There's even whispers of a high rate cut of 50 basis points in September meeting! However, the latest CPI probably puts that noise down. The inflation is still strong.

Doesn't matter, the rate cuts noise is getting deafening. You just need to look at what happened this week. Nasdaq closes at ATH on Friday. HK and other major economies indices have gone up, USD continues its drain-worthy "performance". Gold continues to set new highs, silver broke $41. Even bitcoin, ethereum are coming back. Solana coin is on the tear. ASX also breaks back up. 

Obviously, no new announcement from AML3D, other than the one in early August. I am happy to sit on it. I am not expecting much from it in the near term at least. With a double top around 34 cents, there's always a risk of correction to 16 cents. Probable if something happens to the market in general but not likely. If you see the secondary chart below, at 61, it's near term is bullish, so I won't bet on this scenario.

Just an advice, sit tight and chill out. If further consolidation occurs, I would look to add to my position. If I am not wrong, what happened on Friday at ASX is just that the rally is spilling over into the small cap sector, so ride the 🌊 while you can.

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