A government boosted Rare Earth mania kicks in as the media finally jump aboard
Remember back in 1999, when it was like a roundup? Every piece of shit stock with a “.com” at the end of its name was being chased by retail and media alike.
Well, this is not like that because this is a strategic roundup of critical minerals in a very real trade war. The U.S. is mimicking communist China in its government sponsorship of major corporations and critical resources.
So this is no .com bubble. It is all too real and strategic. But it is becoming manic because the media, after these stocks have risen 100% to 200% just this year, want you to know the play.
Ooh, CNBC is going to give us the next targets after MP Materials, which NFTRH subscribers happen to have been made strongly aware of as far back as 2023. The reason I harped on MP’s investment story was exactly what is happening now.
Mind you, this was before there was even a thought that Trump would get back in office. The reasons were: A globally strategic critical commodity produced in the U.S. + Rare Earth prices that had not fallen nearly to the degree MP stock had = watch list, trading (using TA) and finally, buy ‘n hold.
I admit I was lucky in buying back the day before the DoD news. Pure luck, but it was not luck that MP was on my (and NFTRH) radar. Note how back in July I noted “Investors may wish to look for baby MPs”? Well, it is not July anymore. It is nearly October and the babies have all grown up, stock price-wise.
Enter the mainstream financial media to inform the public (per the link above) so that the public can play its usual role, running around rounding up the little aggressively promoted dogies.
What could go wrong? Well, other than at some point all manias blow out, I’m not sure. I obviously agree with the government that the U.S. had to secure its own critical minerals (well beyond REE) production.
The internet was real in 2000 too. It’s just that many of its scams did not survive past the promotional phase, as the bubble burst. I’m not sure to what degree there may or may not be holes in the ground that will never be critical mineral mines. But they are most likely coming.
You can bet that certain interests are going to fall all over themselves to get terms like “critical minerals” “strategic resources” and the like in their names or taglines.
In fact, I hold two stocks that each have one of those terms in their names. And no, I don’t see them as scams. Quite the contrary, or I wouldn’t hold them. They were each ID’d and bought/traded well before CNBC and its fellows kicked in with the eyeball harvest routine. But when the public eats enough promotional stock and realizes it’s been duped, the fallout for everybody could get ugly one day.
Meanwhile…
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