More Stock Talk : METC and the Wyoming rare earth's yet to see.

 

 Market Talk

The "future" is like an open book with pages yet to be written.  Two days after the debt ceiling relief rally, we see the economy and the entire world in the same tenuous situation as before the relief rally. Still, the debt debate unresolved would have caused much turmoil and market turbulence.

People that read this site want me to prognosticate a little more on recent stocks posted.  So without further adieu, here a few comments on a stock under watch, METC.

 

Stock Talk

 

Focusing more on small cap stocks than larger cap stocks and definitely stocks under $100 and many under $10 with speculative possibilities for much higher.  Due to the speculative nature, I use the word "some".  Too much of any risky stock can really hurt. With that said the entire market is a gamble.  Its a matter of relativity.

After the relief rally, there may be a lull in bear market sentiment for awhile. However, I can't say we can be sure of anything with the Fed and their inflation fighting mandate.  I will start with METC stock talk and perhaps a few speculative notions, just for fun and caution as well.

METC:  Metallic coal miner for pig iron with a favorable interest rate and "potential" vast reserves of rare earth elements. (see my previous post on an upcoming proxy event).   here is a speculative notion. Suppose these reported vast reserves of rare earth's in the Wyoming mine pan out?   Who would be most interested?  I will suggest that will be the automobile and truck industry because magnetic rare earth's make electric motors more efficient and extend range.  For example, what will happen to METC stock if Elon Musk and Tesla or Ford or GM partnered with METC? This is an open question for the future to reply. 

I just hope China and their "CCP" does not start buying up METC stock to take control like they did with a previous American company, Smithfield foods, to control the pork industry.  A quick google returns this note:

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"Smithfield sold itself to WH Group a decade ago for $4.7 billion, after years of high grain costs and an industry glut of hogs pressured pork producers. At the time, WH Group's acquisition ranked as the biggest Chinese takeover of a U.S. company, prompting concerns in Washington."

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There are several other stocks on watch here.  However, the last thought about a Chinese company getting involved with METC is cause for pause as an American who's own father final mission was on D- Day, June 6, 1944.  I am grateful dad survived his 30th mission that day and was awarded the DFC for his service.  He lived on as the best Dad ever and great American to pass in our home at 102 years young with full soundness of mind and spirit.

"The Distinguished Flying Cross (DFC) is our nation's highest award for extraordinary aerial achievement. As a valor decoration, it ranks fourth in order of precedence, and is awarded to recipients for heroism while participating in an aerial flight."

I close this post by noting that any view on the market and stocks on any particular day may change in the future days to come. That is why we watch and see how our views match up with the reality of the time.  But trying to look ahead a few months into the future may be a way to explore things.  If you think too deep about world events and the recent alliances forming, projecting ahead can be a dicey endeavor. With all the above caveats and attempted prognostications, I will close this post. 

Stay tuned for more opining on the market and stocks to watch.

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ALL in my humble opinion, scroll down and read more.

This site does NOT make Buy / Sell recommendations.
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