What a week NDPR up 27% in one week. La and CE also showed the...

What a week NDPR up 27% in one week. La and CE also showed the first uptick in several months up 4% for the week. Before AUS left he said I was trying to create fear when I made a mistake and said prices were up 33% in 3 months. Now it is up 27% in a week. A visual scan of charts from 2011 says this is close to some of the bigger one week rises in 2011. Aus also said when I made my mistake that $50.00 was the long term stable price. Then he upped it to $55 with no explanation and right before he left it again changed with no explanation to $60. Now prices are $62 to $65. Up 27% in one week. 40% in one month , Just over 100% since last November low. If this continues it will lead to demand destruction. With NdPr in the mid $60 range it is only a fraction of the $500 it hit in 2011. The rate of increase will bring back memories of 2011 for many and they will react much fast this time.

Last week I said that it was starting to look like Speculation and stock piling were in control of demand and not need of product in real products. This becomes more true with every large price rise. This will be great for Lynas short term and erase much debt. It makes long term planning and there fore long term holding of the stock nearly impossible.

I delayed in selling last week got caught up in the excitement. sold less than 25% of holdings. Not sure if I will lower price on Good to cancelled order. Would have been out if I put in order when I knew I should. Still did pull out 45% of my cash. Would like to have at least pulled all my cash out.