Tale of Two Faux Pas

  • Gold has stormed on towards $1,300.
  • The Rare Earth sector has been on fire as the Molycorp backwash (as predicted) and the Chinese quota tightening have sent investors scrambling for positions.  Some situations are clearly overdone and companies are recognizing this by throwing oversized financing demands at the market
  • Base metal prices have been firming with positive results for the stocks, particularly producers in that sub-group

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