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Message: Gold and Moly

Gold and silver are in rally mode today because the EU lowered interest rates this morning, and more deeply into negative territory than expected (and it looks to me as if the Fed is fighting it clandestinely).  Take this as only the latest news within a global trend into lower and lower interest rates because the values of all currencies are falling at accelerating rates as compared to "real" money (aka "hard" assets). 

By the way, while gold (and some silver) may offer a bit of help for the LBSR share price, note too that molybdenum will be the third most valuable ore to come out of Hay Mountain should there ever be a mine there.  "Moly" has been doing better than gold and silver recently.  The price, while down a bit of the last several weeks, is up nearly 100 percent over three years, yesterday closing at US$26,000 per metric ton ($11.81 per pound).

In other matters, I'd say that our BOD is being quiet on purpose, not because they have nothing to say — just my opinion.

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