Quote:
Originally Posted by jyl
I've been watching some forums on "critical minerals" stocks. The group got infested with YOLO FOMO get-rich-quick types, piled into the names at the top, now crying they're down -30% to -80% or soon to be -100% for the ones who used OOM calls. Needed a correction to blow them out. Getting one.
Rare earths remain a critical vulnerability for the West and a weapon for China. This rumored "deal" only involves a temporary reprieve on China's export controls. The recent record of trade deals between the US and China is bad, the deals don't last for more than a month or two.
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Pretty much my thoughts exactly. I don't understand why there's such movement over an announced "deal". I don't believe what's being discussed changes the direction we're moving in.