Why Molybdenum Miners Are Soaring?

The race is on to control global molybdenum and uranium assets. On September 27th,2010 I wrote an article mentioning that uranium miners and molybdenum miners were poised for a breakout. I wrote in the article, “There have been some recent breakouts in some uranium and molybdenum plays which I will be telling my premium readers about in the next couple of days.” Since that article the molybdenum and uranium miners have made huge gains due to supply concerns globally. While investors are concerned about a global currency devaluation, a global race is occurring to control molybdenum and uranium assets. The primary molybdenum miners such as Thompson Creek Metals Co. Inc. and General Moly Inc. (GMO) are up today on speculation that China will curb molybdenum production as they classify the metal as a natural resource. Continue reading the article.