First I spend a few hours on bad weather days. When info comes up I put it in my data base or a spread sheet giving me very quick access. I could not track anything in my portfolio without doing this.
Let me tell you about a sub that use to work for me. He had an elderly couple that he worked for. they liked him and payed him 24% more than I did. They even paid him 3X the going rate to mow their lawn which is not really what he did. He was working for them about 30 hrs a week. Only took small jobs to fill in the rest. Mom died and dad moved in with a daughter. He is now short of work. I use him whenever I can but others who have worked for me steadily are asked first. Following the gravy chain is always good at first..... If Lynas had control over the NdPR Market . If they had a cost advantage over China. Than I would have no problem with them going full bore with NdPr they don't. Many companies have one product I agree. When a company has one product they need to have some unique advantage in that market. Lynas does have Japan and is sole supplier to ROW. If China suddenly increases production or demand drops Lynas will have to follow prices down. Drive for Uber no. Have some alternatives yes.
Name me one commodity that does not have large price cycles. Now the recent increase of 100% in 8 months or so in NDPR has been great. NdPr may never return to US$30 But what happens if it drops to even $37 from these levels.
Don't think it will happen give one commodity that hasn't. I will give you oil, gold tin, copper, steel, coal, silver, Alu, Pb, Now you give me one whose price does not change both up and down rapidly.
When I learned to drive gas was 34C a gallon. Do you realize that is higher than todays 2.15 price when adjusted for inflation. Think about what this might mean.
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Price($) | Vol. | No. |
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