EPA E15 Decision May Benefit Ethanol

"EPA's expected approval would have bullish impact on ethanol prices."

The market consensus is that the EPA will approve, within the next two weeks, E15 for vehicle model years of 2007 and newer, which would be a significant bullish long-term factor for ethanol prices. The DOE is not expected to finish testing model years 2001-06 until the end of November.

Ethanol Market Action —November CBOT Ethanol futures prices last week fell sharply to post a new three-week low and close $0.15 lower (-7.8%) at $1.842 per gallon. Bearish factors centered on heavy long liquidation pressure and the 10.7% plunge in corn prices. The sharp 7.5% rally in gasoline prices last week provided some underlying support and allowed ethanol prices to fall by less than corn prices (-7.8% ethanol prices vs. -10.7% corn prices).

Weekly ethanol production and inventories decline—Ethanol prices received some underlying support last week from the weekly EIA report, which showed ethanol production fell 2.9% to 825,000 bpd in the week ended Sep 24, 2010—the third consecutive weekly decline. Ethanol production is now 5.7% below the record high of 875,000 bpd posted on September 3rd. In addition, ethanol inventories fell by another 2% to 17.164 million barrels—the lowest since December 2009, down 13.8% from the record high posted July 2nd.

Last week's EIA ethanol report released last week showed ethanol production hit a record high of 857,000 bpd in July, but that was old news considering the EIA is now releasing weekly data. The industry in July operated at the very high level of 97.2% capacity. Since July, it has boosted capacity 1.8% to 13.765 billion gallons/year, according to the Renewable Fuels Association.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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