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| International Opportunity Uncompromising Analysis Exclusive Advice Beginning 1988 | ||||
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July 4th 2010 Bulletin "All signs point down"... Last June 11th when the Dow was at 10,155 I noted that a bottom looked to have been formed based on the record setting exodus of investors from US equities, apparent extremely negative sentiment, oversold technical readings and the record levels of cash on the sidelines and in non-financial companies treasuries. In short I wrongly anticipated a major exhaustion in sellers. The market did subsequently move higher, in total the Dow’s top to bottom rally was from 9,617 to 10,535 (Friday’s close 9,596). Since then the trend has turned decisively down and the former support levels taken out. In DJIA terms a fall from 9,596
to between 8,800 and 8,000 now appears likely. |
July 26th, 2010 Bulletin Special Situations: One of the positive things about declining markets is that the really good stocks are easy to spot. Take Lynas Corporation, I have mentioned it often and followed it for years. It has been in the Maedel’s portfolio (added at $0.51) since late 2009. I like its rare earth oxide projects (REO) advanced stage of development, projected high margins and what looked like an imminent tightening of the rare earth oxide (REO) market. But care must be taken as the longer term outlook for REO prices and the thus the outlook for the many small REO explorers is not as bullish as many believe. Molycorp LLC’s, imminent $450 million IPO in the US, is to fund its planned modernization and production expansion. It has one of the world’s largest REO reserves at its Mountain Pass deposit in Southern California where at its peak production in the mid 1980s, it used to produce a third of global supplies. |
In 1931 Garet Garret published
“The Bubble That Broke The
World”, which chronicled the
global private and public debt
bubble which preceded the great
crash and depression. |
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