Sold the rest of my MCP @7.135 this morning. My reasoning is this. #1 profits. #2 I believe there will be another significant pull back that will allow me to purchase at a lower price. #3 As we get closer to the idiot cliff, it's my belief the US economy will suffer. Established goods producers will suffer less imho. MCP is not yet top tier and I believe will take a bigger short term hit. Also after reading Seeking Alpha I'm going to watch TRER they just graduated from PK to NASDAQ. Texas has a good business climate and this morning my calculation was 10 k shares for $2800. Hmmmm. Right or wrong, it never hurts to take a profit.
I am still long and the future is always doubtful.
I worry more about what future metals prices will be and one can only speculate on that. However, if, as you predict, the US economy goes into the #$%$, then the market and everything connected to it will do likewize. I would have thot this would have happened long ago except that... it didn't and I wondered why. The only thing I can see is that other than the US Federal Reserve and the US dollar, there -is- no other place to put all those (reported) riches and that's where all (or most of) the money is going.
At this point, I would still rather hold REE stock than dollars but I could be wrong.