10/24/12: Portfolio Recalibration

Cutting Our Losses

We’re taking small losses in lithium producer Sociedad Quimica y Minera (CI: SQM/B, NYSE: SQM); Korean steel giant Posco (KS: 005490, NYSE: PKX); platinum group metals (PGM) outfit Stillwater Mining (NYSE: SWC); rare earths producer Molycorp (NYSE: MCP); and coking coal company Mongolian Mining Corp (Hong Kong 975, OTC: MOGLF).

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