Liberty Star Uranium & Metals Corp.

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Message: What's another minus 11 percent?

The Fed will likely raise interest rates tomorrow.  They will then be done for the year.  All my reading very strongly suggests that economic news will be awful between then and their next meeting in January, at which time they are very highly likely to reverse course.  

Whether or not we see a relief rally tomorrow will not change the market's typical shift around this time.  Emphasis will move to investments looking forward to economic recovery.  This means metals. 

Note, however, that junior and exploration-phase miners lag the major producers.  The last portion of the mining sector to recover is always the explorers. 

What this will mean for LBSR remains to be seen, assuming no news on a partner. 

 

CORRECTION - Now down only 5.5 percent. 

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