James Dines, writing in the Nov. 30, 2012, issue of The Dines Letter, refreshes his buy of Rare Element Resources Ltd. at $3.51. He said buy six times between Aug. 14, 2009, and Sept. 14, 2012, at prices ranging from $2.25 and $9.56. An investment of $1,000 for each of the six buys would now be worth $4,548. Mr. Dines says Rare Element has the second-highest-grade rare earth resource in the Americas (Bear Lodge in Wyoming). Bear Lodge, he says, has a heavy-grade component that far surpasses that of Molycorp Inc.'s Mountain Pass project in California. Rare Element has made a new discovery not yet been included in the company's current resource, which Mr. Dines expects will have even higher grades of heavy rare earths. Elsewhere in the issue, he says Greece is being derided as an economic basket case. In the country's last elections, the Golden Dawn Party, which supports Nazi-style black shirts and persecutes dark-skinned people, managed to win 7 per cent of the vote. Greece is eerily echoing the rise of the Nazi party in Germany after the hyperinflationary of the early 1920s, he says. Mr. Dines also notes that he is beginning to become optimistic on Greece's economy, provided it allows free enterprise to emerge.
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