I’ve held a small position in SQM over the last two years. Following its sell off in late 2008, it seemed like an obvious buy since it was located in a prosperous country, Chile, which was weathering the financial storm very well due to its good government stewardship. The government had saved a significant surplus during the very profitable years leading up to the 2008 crash. The company primarily produces fertilizer but is also one of the world’s main producers of Lithium. [more]
There are obvious actions to speed things up, but the government oddly resists taking them. WSJ Opinion by Paul H Rubin.
Like the trial lawyer asking the physician: Are you truly this incompetent or did you purposely try to kill the patient? [more]
E-mail from NIA (6/15/10, 2:05 PM): [more]
In 2009, the US government and its corporate minion used all means legal and illegal to support the equity markets and depress metal prices. They were successful in re-inflating the equity market by funneling government-supplied cash through the big banks into the market. Once this created adequate momentum, the retail investors joined in to keep the bull fire going. This has now become an old flame, fueled by the belief in a real recovery and the lack of adequate alternative investments outside of the precious metals market. [more]