In the wake of his rock star reception at Madison Square Garden last Sunday, Prime Minister Narendra Modi emphatically announced to our nation’s top corporate and political leaders that India is now open for business.
Without critical materials many technologies, products, gadgets and toys, would not exist. The US used to be the world’s leader in development and production of high-tech magnets, it can be again, but not without required rare earth oxides.
Dr. Michael Berry, publisher of Morning Notes and a former portfolio manager, and Chris Berry, founder of House Mountain Partners and Morning Notes co-author, discuss what early-stage mines close to home could be the first to bolster supply in US.
The inverse correlation between the S&P 500 and gold prices is growing increasingly significant, reinforcing the yellow metal's safe-haven credentials. Like oil, that amounts to an uncertain near-term outlook at the moment as sentiment.