Dow 10,829.68 +41.63
Nasdaq 2,370.75 +2.13
SP500 1,146.24 +5.04
30-yrBond 3.72% +0.34
Dollar dramatically lower, off .73 to 78.05. Precious metals sharply higher. Gold closed at 1316. Silver closed at 22.02. Crude oil closed at 81.03, which will push transportation prices and food prices higher in the coming months.
GLD 128.91 +1.00
SLV 21.65 +0.34
PTM 19.89 +0.30
XLE 56.81 +0.75
XLF 14.50 +0.16
VXX 17.04 +0.25
Obama added a fundamental reason to purchase physical gold & silver by allowing his Treasury Department to propose monitoring of ALL cross-border money transfers (any amount). This is the tightening of capital flows which signals monetary and economic failure. This is another reason to protect your assets and take possession of gold and silver.
King World News article and audio interview of Ben Davies. Ben discusses the failed Bretton Woods agreement, anemic global GDP, currency devaluations, Japanese currency vs. Chinese currency vs. US currency, and eventual collapse of the worldwide fiat monetary system.
ANO 1.08 +0.19 (21.05%). Ten times average volume on no apparent news. Volume higher than any day in past two years. 52 week range 0.72 - 1.78.
MDW 0.62 +0.03. 52 week range 0.38 - 1.04.
GMCR 29.57 -1.62. Was at 37.95 on Tuesday. Going to 24. Issues with revenue recognition.
There is renewed interest in neodymium and it's unique uses in magnets. Little is produced outside of China.
The only possible non Chinese, or non Chinese owned, sources for neodymium for the open market now are the Americans, privately owned MolyCorp and privately owned Thorium Energy, Inc., and the Canadians, publicly traded Great western Minerals Group and publicly traded Avalon Rare Metals.
Great Western Minerals Group (OTC: GWMGF), a company developing four rare earth projects, is up 948%, to 33 cents a share, in 2009.
That's a sluggish performance compared with Ucore Uranium (OTC: UURAF), which is developing a rare earth mine in southeastern Alaska. Shares of Ucore are up 4,181% in 2009, to 83 cents per share.
My advice, at this point, is to stand back and let the rockets cool. The speculators will move on to some other sector fairly soon. Use the time to separate the mining stories from the real mining companies.
The only possible sources for this extra production would be:
1. Lynas Corp (Mt. Weld, Australia),
2. Arafura, Ltd (Nolan's Bore, Australia)
3. Molycorp (Mountain Pass, california)
4. Great Western Minerals Group, Ltd. (Hoidas Lake, saskatchewan, Canada),
5. Avalon Rare Metals (Thor Lake, Northwest Territories, Canada), or
6. Thorium Energy, inc. (Lemhi Pass, Idaho).
MCP 29.58 +1.29. Molycorp. 52 week range 12.10 - 30.00. Began trading in August.
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